IA Trade Alert (Patreon)

I recently executed my last transaction on NVDA, selling the January 19, 2024 calls for $38.40. 

This decision might seem a bit early, as the calls are $44 (ie premium plus out of the money) from the current price, but I felt it was the right time to realize profits. 

PS this call premium I am collecting is higher than the price I paid for the LEAP.  So I have a $340 position for FREE!!!! LOVE THIS

The cost basis for the underlying shares was $200, acquired through a Long-Term Equity Anticipation Security (LEAP). 

While I anticipate NVDA could surge to $600 following its earnings report, the current profit opportunity was too attractive to pass up. 

The Augmented Trading Range (ATR) indicator suggests NVDA is poised for either a significant breakout or a sharp decline. The lucrative premiums offered for these calls were simply too compelling to ignore.

Bird in the hand is worth 2 in the bush

Next up will be my META EXIT - which is now a 53 bagger