Covered Call with Nvidia

Covered Call with Nvidia. When is the last time you heard that? Selling Calls have always been my favorite shares but I haven’t done one in a while. I bought 100 shares of Nvidia (NVDA) at $133.40 and sold 1 NVDA 6/28/24 $140 Call for a premium of $2.50. This gives me a premium of $250 and the potential of making another $660 if I get assigned.

 

Buy 100 Shares NVDA @ $133.40

Sell to Open 1 NVDA 6/28/24 $140.00 C @ $2.50 (+$250)

 

I like this trade because if I get assigned I’ll make a total of $910. And if I don’t get assigned I keep the $250 premium and keep the hot stock, Nvidia, which just split. I really don’t care what happens. Either way I’ll be okay. However, I don’t want the stock dropping $50 lol.

 

Successful trading,

Steve

The Options Coach