Sold My NVDA Long Call

Clearly I like to take profits. When you get into a position and get out when you are happy with the profit many times, or most of the times, you jump out before the stock stops going up. Which means you do not get maximum profit. I have learned from experience, if you try to sell at the top most of the times the stock drops back and you make less money. Buying at the bottom and selling at the top is very difficult to do. My advice is to set a goal and get out when you hit it. Or set your sell order with a Stop Loss and as the stock goes higher raise the stop price. In that situation you have to sit at the computer until you are filled.

11/25/24 – Buy to Open 1 NVDA 12/27/24 $137.00 C @ $7.00

12/4/24 – Sell to Close 1 NVDA 12/27/24 $137.00 C @ $10.00

Profit +$300 

 

I bought this position at $7 and sold it at $10. This gave me a $300 profit which is a 42.8% Return on Investment. I’ll take it with a smile!

 

Successful trading,

Steve

The Options Coach