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.
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