Turn NVDIA into10$ a Share
Current Position and Market Overview
• Current Position: One NVDA call option at $1210 expiring June 7, 2024.
• Current Stock Price: $1150
• Upcoming Stock Split: 10-1 split on June 7, 2024.
• Next Pivot Point: June 24, 2024
• Fibonacci Extensions:
• 0.618 = $1290
• 0.5 = $1265
• 0.382 = $1238
Rolling my NVDA $1210 call exp. June 7 to $1250 call for July/Aug. Selling $1200 puts exp. Sept to collect premium and potentially buy shares post-split (10-1 on June 7). Plan to sell covered calls on acquired shares targeting Fibonacci levels. #OptionsTrading #NVDA
This strategy helps you roll your existing options, sell puts to earn premium and potentially acquire shares, and continue earning premium through covered calls.
• Current Position: One NVDA call option at $1210 expiring June 7, 2024.
• Current Stock Price: $1150
• Upcoming Stock Split: 10-1 split on June 7, 2024.
• Next Pivot Point: June 24, 2024
• Fibonacci Extensions:
• 0.618 = $1290
• 0.5 = $1265
• 0.382 = $1238
Rolling my NVDA $1210 call exp. June 7 to $1250 call for July/Aug. Selling $1200 puts exp. Sept to collect premium and potentially buy shares post-split (10-1 on June 7). Plan to sell covered calls on acquired shares targeting Fibonacci levels. #OptionsTrading #NVDA
This strategy helps you roll your existing options, sell puts to earn premium and potentially acquire shares, and continue earning premium through covered calls.
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