Finally sold my Nvidia positions.
A couple months back in July, I decided to try out dollar cost averaging on $NVIDIA (NVDA.US)$ (Well, more of $GraniteShares 2x Long NVDA Daily ETF (NVDL.US)$ ) cuz I wanted to try selling covered calls against it as well.
I did mess up however, by buying 25 shares every dip and not a certain amount every dip, or more during a dip, I was essentially not effectively averaging, and it ended up with a pretty high cost basis.
However, I decided to sell short calls against my NVDL position regardless, which I made roughly 575 USD or roughly 8% profit on my cost.
Today, I closed the position at the high for a roughly 12% gain, leading to a net gain of about 20%.
I also had a small normal Nvidia position that i decided to keep as it's not leveraged and won't suffer leverage depreciation.
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Overall, my p&l for this month is cooking quite well.
I am currently planning on doing more options related trades, and likely on non leveraged products or, safer products.
I will likely be doing short strangle or short put strategies as i've always wanted to test them out due to their simplicity, manageability and profitability.
I do think of owning some LEAPS on certain small cap stocks as they may rise in value during earnings and some are really cheap.
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(None of the stocks shown are investment advice, do your own research and conclude your own investment/trading goals.)
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包小姐的养老金 : Great.Buying in batches is good, not much money, but can accumulate over time.Keep it up.
Kevin Matte : sold my NVDL and bought TSLL ^^