Nvidia adds $277B in market value, Wall Street's largest one-day gain in history

Re:Nvidia adds $277B in market value, Wall Street's largest ... by MuffinFlavored on Thursday February 22, 2024 @10:07PM (#39476489)

Slightly more interesting in my opinion

If you were willing to risk $2,100 on a "buy-to-open" long 2-days-to-expiration (2023-02-23 expirations bought 2023-02-01 right before close) 3.5% out of the money call ($700 strike), you would've had a 300% return today.

How many people (hundreds? thousands? millions?) tried to guess the right combination of earnings up/down (long/short, call/put) risking money they might not necessarily should be, high premium / theta decay / implied volatility crush be damned?

I'm not saying the stock market is "as much like a casino as it has ever been" but... like... at 50-50 coin flip... it is better odds than a casino? lol

I guess roulette red/black.

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Re:Nvidia adds $277B in market value, Wall Street's largest ... by jondwillis on Friday February 23, 2024 @02:37AM (#39477922)

IDK but I bought some NVDA throughout last year in my self directed IRAs and it’s really been single-handedly keeping me above market return. E.g. without it i’d be worse than S&P over the same period, lol.

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Re:Nvidia adds $277B in market value, Wall Street's largest ... by lm28469 on Friday February 23, 2024 @04:42AM (#39478728)

And how much of it comes from the elite who amassed the free money we printed like madmen since 2008 and during the pandemic

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