One stock I mentioned in my previous post was NVDA. I have a $200 call expiring this Friday. Based on today's reaction to their earnings, I think that trade will provide all benefits I had hoped for in a very short term. In this market short term is appropriate.
I did it again today. I bought at just over $208 and immediately sold the $220 call that expires a week from Friday, 11/22/2019.
So the point is, I wanted 3 calls per year on NVDA that generate at $4.50 per contract. But in just two weeks, I have cashed a $3.44 call today and $ 2.30 call a week ago. I am on track!
November 22, 2019 $220 call on NVDA
Will the positive effect of NVDA's earnings carry it for another 8 days? Let's see what happens.
M* MoneyMadam
Disclosure: Long NVDA with calls
