Bullish strategy, call 🦋 debit at 230 to 250. Max loss is the debit that you pay. Max profit is at 450 to 470. Nvda stock price must move to 145, which is at the top of the tent of the graph.
If you are bullish on nvda going forward, can consider this trade expiring at dec 27/24. But be sure to close it before expiry, stop loss at 50% of debit premium paid, and take profit at 50% to 80% depending on your risk tolerance. At the end of the day, if the trade goes according to plan, you can decide on your target profit. But remember to close the contract at 145 because that is your maximum gain point, which is your 2 x short (sell) legs.
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