Why I cashed out $500 profit while still staying in the game if nvda rises to 193.15 SGD 688 Cash Vouchers* up for grabs
Why I Rolled My Covered Call on NVIDIA from $190 to $180 Options trading is often like adjusting your sails while sailing in changing wind. The direction of the market shifts, volatility rises and falls, and sometimes the smartest move is not to sit still but to reposition your trade. Recently, I decided to roll my covered call position on NVIDIA from a $190 strike down to a $180 strike. Some people may wonder why someone would lower their strike price, since that caps potential upside earlier. But in this case, the move allowed me to lock in profit first and reposition the trade with a safer structure. Let me explain the thinking step by step. ⸻ Locking in Profit First Before adjusting the position, the most important step was realizing the profit that had already built up in the trade. I