Sell Put Option on NVDA | TESLA🔥
Managed to close my Sell Put Option today on $NVIDIA (NVDA.US)$ $Tesla (TSLA.US)$ which I bought last Friday, hence earned the premium‼️
The reason why I was opening the Sell Put on $Tesla (TSLA.US)$ is because of its technical break out last friday and the 10/10 Robotaxi news driven, since the event is around the corner, so most likely Tesla Share Price is hard to drop unless there’s a black swam event😁 I do own certain shares on Tesla too‼️
$NVIDIA (NVDA.US)$ finally break 120 after 2 weeks of consolidation🤭 Feel like the money was rotating from Tesla to Nvda. Secondly, technical breakout might bring NVDA to 125 or even 130, so I believe now might be a good time to open another sell put on NVDA, but please take note that $Micron Technology (MU.US)$ Earning will be released on 25/9 After Market which might have an impact to NVDA too. If Micron Future Forecast is good, then NVDA can easily challenge previous high 130 very soon‼️
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10baggerbamm : why close them out why not let them run to expiration? I sell puts all the time and the vast majority of the time I don't close them out I just let him go to expiration and expire worthless
Anthony 27 OP 10baggerbamm : Next time I’ll try it
SumanKP : exactly with the strong bull run , no way that put was a danger. so better let it expire if you are seller. closing early you missed the the remaining value + paid fees on transaction.
Anthony 27 OP SumanKP : Hi you mean if I let it expiry, I don’t have to pay the transaction fee of selling?
The reason why I’m closing it is because I want to buy another Sell Put on other stock and Tesla.