Senin, 24 Juni 2024

Sell the Remaining Half of the NVDA Puts

The Opportunistic Trader

Sell the Remaining Half of the NVDA Puts

Mon Jun 24 2024

Hey traders, Larry here.

Today we're going to sell the second half of our position in Nvidia (NVDA) for about a 75% gain.

We closed the first half of this trade for a 58% gain and have an 75% win on this second half. That comes to a blended gain of 67%. As I noted when we put this trade on, the stock's momentum was extended to the upside. We added puts to profit from mean-reversion lower in the stock price, which is exactly what happened.

Action to Take: Sell to close the remaining half of the NVDA August 16 $115 puts at market prices.

As always, keep an eye on your inbox for the next opportunity.

Regards,

Larry Benedict
Editor, The Opportunistic Trader

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