I closed $NVDA VERTICAL 240621 CALL 980.0/CALL 985.0$  ,I closed $NVDA VERTICAL 240621 CALL 980.0/CALL 985.0$  ,I think most of us are not going to miss this once in a quarter opportunity to trade NVDA.  Based on the option pricing, the expected move is around 90+- The risk and reward for any strategies within this range is good and easily profitable, of course you will want to choose the one you can accept the risk. For me I enter this long call spread and another short put spread to reduce the cost of this bet. Total net cost is 80.  Of course, short put spread could deliver you a loss of 420. But this can be put aside  with the understanding of current market theme as below. nvda strengths are well known, if market reacted negatively, long buyers will still buy this up as this is the only growth story they have at the moment. Odd of gapping down and stay below is quite low based on technicals and fundamentals. A long expiry date will cushion the potential earning sell off and the time required to make the long call spread move into the money. This is the main reason why I choose a longer expiry date instead of those going to expired this week although the profit could be better if nvda gap up as expected. The risk and reward is better for a longer expiry date. The max gain is 420 if you hold to expiry which is 30 days later, but with the 50% gain in one day, there is no good reason to hold on it for another 29 days for just another 50%, 29 days is long enough for any event that pops up and push the price down to the previous ATH and make the calls worthless. The actual ROI for this trade is 300% based on the cost of trade which is 80. Well exceed the casino cash out rule - always cash out when you won 80% of what you prepared to lose.