We sold our NVDA PUTs that we were carrying since last Friday and purchased 2 separate Calls on 2 different Expiration Dates with the intention of selling the shorter timeframe sooner and using the profits for reversals while the longer-term option played out.
I expect this to at least retest the $395 Levels if not $404 by the end of next week if not tomorrow.
Due to time decay over the weekend, will have to consider if the profits obtained by the end of the trading session tomorrow (Friday 6/8/23) is worth losing the money over the weekend waiting game + any external variables that may cause the stock's current trend to shift/deviate.
I expect this to at least retest the $395 Levels if not $404 by the end of next week if not tomorrow.
Due to time decay over the weekend, will have to consider if the profits obtained by the end of the trading session tomorrow (Friday 6/8/23) is worth losing the money over the weekend waiting game + any external variables that may cause the stock's current trend to shift/deviate.
Trade closed: target reached:
Sold our Options right before the EMA Rejection.
New trade here:
New trade here:
Tim Burks | Founder - MyMI Wallet
Empower your finances with our Personal Budgeting and Investment Forecasting Tools. Unlock your investment potential today at MyMI Wallet.
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Empower your finances with our Personal Budgeting and Investment Forecasting Tools. Unlock your investment potential today at MyMI Wallet.
www.mymiwallet.com
