It finally time to buy PUTS on NVDA! Get at it!
$NVIDIA(NVDA.US$you can thank me later…😎
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Destrier : what makes you think Nvidia will fall? I'm just curious
RIPPER OP Destrier : The moving averages are toppling…..plus it’s speed boost up today was a sign it was going to consolidate
RIPPER OP Destrier : There we go ….pays a lot especially if buying the weekly exp
Pinchie McPincher : EXP??
RIPPER OP Pinchie McPincher : Expiration (of options contract)
Destrier : looks like a retest of 440 level inbound.
RIPPER OP Destrier : Did you buy a put?
If you bought a 470 put at close for 3.80 (which is $380) and NVDA opened at current price of 466.30, that put contract would be worth 7.40 ($740). For every penny under 470, the contract gains 1 dollar.
Easy money, jsut make sure you don’t let emotions control you holding too long.
Destrier RIPPER OP : not yet. I'm thinking tonight before close or Monday premarket
RIPPER OP Destrier : I sold mine at a small profit at open…..got lucky