like I said this morning about our call for a muted NVDA
reaction, which played out. Digi you were way too conservative
going all the way out to 1300, I just didn't see that happening.
But selling calls was the best, or selling puts. As I commented
this morning, short term call buyers were likely screwed because of
the high premium that was backed into the call options so even
though the stock goes up, they don't make money or can even lose as
all that premium comes out tomorrow. But that high premium
was great for selling calls or puts - I just wouldn't have went all
the way to 1300. Anyway free money for ya!
Posted by DigiNomad on 22nd of May 2024 at 11:59 pm
Yeah, but it's not like we haven't seen mega caps jump 25% on
blowout earnings in the money printing era since 2009. Even
if I was still safe by say 5% or so after a 20% plus jump, the
expiry is 2 days, not 1 so it could have gotten squeezy. I
just wanted to be in a spot that was so ridiculous that I could pay
for a couple nights out and still sleep tonight
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like I said this morning
Nvdia tonight ....
Posted by matt on 22nd of May 2024 at 07:08 pm
like I said this morning about our call for a muted NVDA reaction, which played out. Digi you were way too conservative going all the way out to 1300, I just didn't see that happening. But selling calls was the best, or selling puts. As I commented this morning, short term call buyers were likely screwed because of the high premium that was backed into the call options so even though the stock goes up, they don't make money or can even lose as all that premium comes out tomorrow. But that high premium was great for selling calls or puts - I just wouldn't have went all the way to 1300. Anyway free money for ya!
Yeah, but it's not like
Posted by DigiNomad on 22nd of May 2024 at 11:59 pm
Yeah, but it's not like we haven't seen mega caps jump 25% on blowout earnings in the money printing era since 2009. Even if I was still safe by say 5% or so after a 20% plus jump, the expiry is 2 days, not 1 so it could have gotten squeezy. I just wanted to be in a spot that was so ridiculous that I could pay for a couple nights out and still sleep tonight