NBIS Earnings Put Plays, NVDA Manipulation Rant, and the ABC Rule: Always Be Closing
Hello everyone! Today i want to share some option strategies with you!
1
Wednesday are always busy with back-to-back meetings. That said, am on lunch break and am gonna play $NEBIUS(NBIS)$ for earnings.
Am so pissed about missing the opportunity at market open this morning. Oh well. 🤬
Looking at writing the 115 put strike, Nov 20 and/or Dec 18 expiration.
2
Geez ... tutes will latch onto anything just to drive the price of a stock down in order to steal money from retail.
Other CEOs cheated on their spouse, yet that news had minimal impact on their company's stock price. And ... yet ... here we have news of Jensen having affairs and
$NVIDIA(NVDA)$ is down double-digit % since the memo was shared. Stock market manipulation is a real thing folks! 😡
- $Amazon.com(AMZN)$: In January 2019, when Jeff Bezos announced his divorce following reports of an affair, Amazon's stock price was barely affected and went on to rise 27% over the next six months.
- $Alphabet(GOOGL)$: When reports regarding Google co-founder Sergey Brin's affair with an employee came to light in 2013, it had no severe negative impact on the stock price, which continued its multi-year expansion.
- $Microsoft(MSFT)$: In May 2021, when reports surfaced that the board had previously investigated co-founder Bill Gates over a past affair with an employee, the stock only slipped about 2% over the next couple of days before resuming its upward trajectory.
3
And this is why you always want to close out trades on stocks that have a strong probability of challenging the short strike. Look at $NVIDIA(NVDA)$ in after-market trading today.
Closed out this $NVIDIA(NVDA)$ 165P short position just before market close. Whew!
Sometimes it makes sense to let an optionselling trade expire worthless ... and sometimes it does not. Hence, in those scenarios ... ABC ("always be closing")!
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