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as you know i have some underlying call options on NVDA - when NVDA hit $500 I sold the Jan $500 calls for $40

I just bought them back for $13 pocketing $27 (ie $2700 per contract)

I see NVDA running into year end and could break $500 again into Jan so I wanted to cover - and will sell again on another spike.


PS the underlying is a $200 strike LEAP on NVDA

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Anonymous

Need tesla to stay low for 1 Jan so I can add more to my IRA for 2024

Anonymous

James, if you’re anticipating NVDA breaking $500 and being a strong long term stock, would you consider a devising a synthetic long as NVDA breaks resistance? NFA understood.