NVDA surged an impressive 25% over the past week. Even though the momentum is strong there will be some profit taking in place. The short strategy that I will adapt this time is bear call spreads, expiry in may 26, or Jun 2 17
SC - 135
LC - 140
Net credit = 0.45 per contract
SC - 135
LC - 140
Net credit = 0.45 per contract
Comment:
if NVDA is able to rush up to 140, i will close the current position and move to the further strikes to compensate the lost that will incur if this actually happens.
Comment:
NVDA corrects as the dow, nasdaq, and s&P are all correcting because of "trump"
according to the news. However, I believe the true reason behind this sell off is it simply stay there trading flat for a while and when there are uncertainties people will rush to safe haven. That's just it. Nothing else.
according to the news. However, I believe the true reason behind this sell off is it simply stay there trading flat for a while and when there are uncertainties people will rush to safe haven. That's just it. Nothing else.