Sandyboy
10-22
$NVD 20251121 11.0 CALL$ 

Covered calls on my NVDA short etf. I hold this to hedge NVDA and use it for calls 

NVD CALL
10-22 21:30
US20251121 11.0
SidePrice | FilledRealized P&L
Sell
Open
0.35
3Lot(s)
--
Closed
GraniteShares 2x Short NVDA Daily ETF
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Comments

  • Jo Betsy
    10-23
    Jo Betsy
    If NVDA drops post-earnings, do you roll the calls or take profits?
    • Sandyboy: 
      It’s a short etf so either way I win. But to be frank I think the PE of NVDA is dangerously high and may revert to mean
  • Ron Anne
    10-23
    Ron Anne
    Hedging with a short ETF + calls balances risk super smartly, good move!
  • Merle Ted
    10-23
    Merle Ted
    Earnings will beat estimates just like previous reports! November 19th, 200 per share, buy long term!

  • Phyllis Strachey
    10-23
    Phyllis Strachey
    NVDA’s up 10% MTD—won’t that pressure your short ETF gains?
    • Sandyboy: 
      Yes but it’s a hedge for a rainy day
  • Wade Shaw
    10-23
    Wade Shaw
    You use calls on the short ETF—do you pick strikes near NVDA’s support?
  • Megan Barnard
    10-23
    Megan Barnard
    NVDA’s Q3 GPU sales up 18%—your covered calls lock in nice premium!
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