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I covered my NVDA hedge at a tiny loss - sold for $30 02/23/23 and change and bought back for $33 today. 

Basically the time value evaporated over the last 3 weeks. 

I feel NVDA is about to breakout 

I am still holding my Synthethic Long on NVDA 


Comments

Anonymous

What do you think the catalyst(s) to cause this breakout might be?

Anonymous

Is $250 a good entry point to begin a position in nvda nfa of course

Anonymous

Does it mean that the price will go up?. I'm a bit confused with the language

Anonymous

I traded my NVDA for GOOG at $137 when Biden banned exports to China. Boy do I feel like a chump.

InvestAnswers

i would not buy here.... but it is very strong but upside maybe limited - i think TSLA has far higher odds of doubling over NVDA ie Tesla to $360 or NVDA to 500...

Anonymous

Without options, current price worth getting?

Anonymous

Thanks James, I just bought more Tesla was thinking 🤔 about NVDA.

Anonymous

There's no way I'd buy Nvda right now. I'm going to be patient.

Anonymous

About to break out ? What do we call the run in the last 3 months ?! LOL

Anonymous

on a weekly chart ? I don't really see that resistance level. Last year around the same time ? I love this company but waiting for better entry.

Anonymous

James, in your opinion at current prices, which has the highest probability to double first, SOL, ETH, BTC or TSLA I own all, but plan to deploy more cash soon. NFA.

Anonymous

I’m sure this give everyone a good laugh at my clulelessness but how did you buy NVDA at $33 when I see it’s more like $255?

InvestAnswers

i have a synthetic long on NVDA - i have it a while I sold a put to buy a call. I hedged that SL by selling a 230 Call Option - NVDA JUN 16 2023 235.0 Call for $30 and change and bought it back today - the underlying went up a lot in that timeframe. I sell calls to sell time

Anonymous

Amazing reply, I can see now more and more how much I need to learn…this ENTIRE space is so new to me, honestly most of what you’ve just explained is beyond my current understanding of trading etc. I so do appreciate your time and will be breaking that message down bit by bit to come to my own understanding of it:)). You’re the best, cheers!

Anonymous

Hi James, can I subscribe to another level, currently Capitalist, to get more trade alerts?

Anonymous

Valuable.. as it happens info.. Thanks so much James, your the best 🙏