Selling our NVDA call contracts.
Shares of NVDA have traded lower as the overall tech industry has come under pressure this year. A key support level for NVDA did not hold and now the stock could be much more vulnerable to further selling.
Thankfully, our spec trading strategy helps to protect our capital by using in-the-money option contracts. These contracts tend to hold a portion of their value even when shares are moving against our trade — giving us a built-in risk management buffer.
We’ll close this position today to manage risk. This leaves our model with plenty of available cash for new speculative opportunities in a very dynamic market environment.