Buying NVDA call contracts.
Nvidia is a profitable and growing computer chip company that has had a strong run this year. The stock pulled back tot he 50-day average and is off less than 1% in early trading (while many other growth stocks are fairing far worse).
We’re buying call contracts at a point that gives us a great reward-to-risk scenario. If the stock continues to break lower, we can sell. Our calls should retain much of their value thanks to volatility and time premium. And if the stock moves back toward all-time highs, our call contracts could yield a very high percentage gain.
- Buy (to open) 3 NVDA January 21st $250 Calls
- Limit $43.00 or less
- The new position will represent roughly 9.4% of our Spec Model capital
- 9:58 Executed
- Bot 3 NVDA Jan 21st $250 Calls @ $37.78