Short

$NVDA Weekly Puts

By nostrademous

Updated

Picked up Feb 23 240 puts for 1.15/contract on a double top for short-term pull back (possibly with SPX500).

Note

Setting $252 price target as a risk for 1/2 trim if crossed. No one gets every trade right so must limit risk.

Note

Took a 3/4 trim on this at 1.75 / contract today ahead of FED meeting at 2pm. Trim was a bit over 50% profit, making the remaining 1/4 position "free" effectively.

Note

Well, market decided to fall out after thinking about the FED minutes for a bit. If futures don't rebound we should see 234 or less tomorrow for $7 / contract or more.

Note

The final 1/4 trim was sold for chump change prior to expiration. Played worked out but could have been executed better. On to the next...

nostrademous

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