I closed $NVDA 20240419 905.0 CALL$ ,NVDA: this is the 2nd leg of a bear call where i lost all the premiums from the buy call at $905 leg, the overall trade however I’ve collected full premium from this bear call spread after contract expired over 9 days. Premium collection is $134 per contract over $500 maximum risk per contract since the 1st leg is sold call $900 and 2nd leg is buy call $905. I was predicting the stock would be range bound between $800 and $900 for weeks ending 19th April but NVDA went down hard 10% on 19th April to $762 in a single trading session. Glad my cash secured put at $800 was already closed when it was trading in the high $900 range before it reversed. Overall profitable trade and price movement direction went as expected. After Friday’s large drop, I’ll need to reconsider next move as it could be a short term bounce since it’s pretty oversold. I’m still net short on NVDA so bearish movements are good for me.| Side | Price | Realized P&L |
|---|
| Sell Close | 0.00 | -100.00% Closed |
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