I opened
$NVDA 20240531 1110.0 CALL$ ,NVDA: collect 0.45% premium for this naked call that is far out of money at 0.1 delta. The strike was set at $1110 which is a good 17% higher than current market price. Expiry was also selected to be shorted on 31st May which is only 11 days away. Earning for Nvdia is this Wed 22nd May and expected volatility is about 12% either way. Capitalise the volatility to sell this call. Should the event that NVDA breached $1110 after earnings, I might look to roll or to accept assignment to bring up my short average on NVDA. Will only decide based on what was presented on earnings.
Trading OrderSymbol | Side | Price | Filled time |
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NVDA CALLUS20240531 1110.0 | Sell Open | 5.3 | 2024-05-2100:36:23 |
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Comments
Nvda always beats on earnings…