Terra Incognita
06-22
I closed $NVDA 20240621 130.0 CALL$  ,NVDA: collect 0.7% premium this NVDA sell call at strike $130 and contract duration for 11 days. For most days, NVDA went higher than $130 and as high as $140.76 therefore guaranteeing this sell call will be a losing one. I contemplated to roll it further out or to cut loss on 20th June when market open strongly only to start reversing mid session. Decided to hold on till closure which helped to turned this from a losing trade to collecting full premium when NVDA close at at $126.57. NVDA might have a reversal after topping at $140 on 20th June with a large bearish engulfing candle. 21st June closing is also lower then the previous day low potentially confirming a temporary profit taking after a tremendous surge of late. This also might be just quadruple witching with big boys positioning key levels. Next week we’ll see if the sell off is sustained or the buy the dippers come in to scoop the sale.
Trading Order
SymbolSidePriceFilled time
NVDA CALL
US20240621 130.0
Buy
Close
02024-06-2215:01:50
Nvidia Correction Continues? Hold or Sell?
NVIDIA's stock price rose by 1.5% in early trading today but took a dive later. The shareholders' meeting was relatively uneventful, focusing mainly on executive compensation issues, which did not bring enough excitement or stimulus to the market. --------------- Would you buy, sell, or hold after shareholder meeting? Is the semi rally come to an end in the short term? What's your target price for Nvidia's pullback?
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