Buy back this covered call leg as it is of little residual value left. The share is rapidly rebouncing upwards from $180. There's opportunity to sell another set of covered calls for a higher premium in a matter of less than an hour.
$NVDA had been bouncing up and down in a channel between $171 and $192 since Dec2025 as reflected in the daily chart of the Bollinger band. When bouncing upwards from its lower band (<$180), I do sell OTM put. When it is near the upper channel (>$188), I do OTM covered call.
I am still long term bullish for this stock and my 'Wheel Strategy' of OTM covered calls and OTM short puts continues to churn out the premium as expected. Not a get rich fast strategy but it works in a steady manner.
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