102819499 OP : I don’t really think, I just follow the trend. On a bull trend, the profit is good. Take 5-10% and open a reversal. I do short term, within next 1-2weeks are my target. If hit I continue to roll, if miss, I still have 90% profit.

102819499 OP : Took 5% profit to open up a put, $NVDA 240920 107.00P$

102819499 OP 旗隆 : Yes

102819499 OP : Yes but not available in malaysia

102819499 OP : Yes

102819499 : I always do strangle. Great volatility is good for option. However trade positioning is critical to stay profitable. Some questions that you need to ask before you enter.
1) How much are you willing to lose in return for the profit you have in mind?
2) For strangle, how much does either the call or put need to rise for this strategy to break even?
3) With that, how much much does Nvda need to rise or drop ?
4) does the rise or drop % make sense within the expiry date ?
Oh ya and my rule of thumb is, you will never get to buy at the lowest and sell at the highest. Always do trade positioning (i.e buy/sell at different price range instead of queuing at a single price)
Ps: I am not an expert, just my opinion, and I have my fair share of losses too. All the best !

102819499 Trading Rockstar OP : Yeah, I used strangle on earnings season. I would look into stocks above 5bil market cap, stocks that are into retail and technology would be in my list. However you need to know the premium price you are paying for in return for the expected movement of the underlying.
So not all are worthwhile. You need to look at their past historical earnings movement too.

102819499 OP : Nah, the Vega is strong in this layman term straight line down chart. If you look at the pricing of  call with a 2 weeks expires 10% or so from the strike price, it is holding well. You gotta make use of the Vega in it for you. Greed will turn on you for those who are willing to hold overnight, if tml trend change just by alittle, the put will suffer an IV crush

102819499 OP Billy Badass : Thanks, seem like Nvda gonna come down further more. Shall leave that opportunity to the next time!