NVDA: collect $171 (1%) premium from this short put with strike at $170.
Contract expires in 3 weeks on 24th Oct.
This is the 3rd short out contract still active on NVDA and took opportunity to take more exposure on the 2nd day of dip for the stock.
News of AMD and Open AI collaboration probably weakens the sentiments for NVDA and it dipped on Monday while the market rallied higher.
Think NVDA dominance is still unchallenge for now, until proven other wise.
AMD deal is over sweetened by AMD side to Open AI just to break market share so is unlikely to persist with similar deals.
I view is as a sigh of weakness not strength.
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- LesleyNewman·10-07You're smart to keep an eye on NVDA's dominance! Those premiums can add up nicely over time.LikeReport
- Kerrisdale·10-07Agree. amd is not holding this high level for longLikeReport