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 to he 50-day average and is starting the year off by moving higher.

We’re buying call contracts at a point that gives us a great reward-to-risk scenario. If the stock breaks below the 50-day average, 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 February 18th $280 Calls
• Limit $33.00 or less
• The new position will represent roughly 9.7% of our Spec Model capital
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• 10:01 – No execution
• Increasing our limit price to $35.00
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• 10:08 Executed
• Bot 3 NVDA Feb 18th $280 calls @ $34.05