Re:Nvidia Announces Financial Results for Second Quarter Fis...
by kinghajj on Wednesday August 23, 2023 @05:38PM
(#37242178)
A call credit spread simply means buying an even more out-of-the-money call along with the one you sold. It would have reduced the premium collected, but the long call would appreciate on sudden moves like today's.
Re:Nvidia Announces Financial Results for Second Quarter Fis...
by mikestew on Wednesday August 23, 2023 @09:30PM
(#37244061)
Hmm…that actually sounds like a nice hedge. I’ll keep that in mind next time a similar situation comes up. Thanks.
Re:Nvidia Announces Financial Results for Second Quarter Fis...
by kikokikokiko on Wednesday August 23, 2023 @06:02PM
(#37242440)
Theta gang ftw. But I would advise you to stay away from NVDA, as soon as the first quarter with flat or decreasing revenues comes (and it WILL come), the fall would be one to tell your grandchildren about.
I'll get right on that...after I go look up what that means. :-) I'm but a simple options trader who sells calls to unload stock I didn't want anymore anyway, and the premium is the icing on that cake. Left some money on the table this time, but I otherwise would have just sold the shares outright, and I did make some bank regardless.
Gonna be missing that sweet, sweet $0.04 dividend, though.