NVDA: collect $131 (0.75%) premium on this short put with strike at $165.
Contract expires in 2 weeks on 10th Oct.
NVDA had been ranging for the past few weeks and is not showing any direction on where it might break out.
Both sides of bullish and bearish narrative hold some weights as the market go gearing higher.
Decided to sell the put to collect premium while trying to accumulate at lower levels.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- WalterD·09-27Nice strategy on that put! [Great]LikeReport