This is my 4th week option trading on NVIDIA. To re-cap the first 3-week: return is about 10% for the 3-week period. The big question is – is the return repeatable or sustainable? If the answer is yes, then it would be like 120% return for a year. I do not know the answer.
Today, 12th of March 2024, is a big up day for NVIDIA – stock price surged from $857.7 (close on the 11th) to $919.6 (close on the 12th) which is a 7% increase for the day. And, the after-hour trading made the stock price jumped to $931.2.
I have a long put position bought last week, and will see how it will turn out at end of this week.
Disclaimer: I am not a financial advisor or lawyer. What I have published in this article is based on my own understanding of finance and economics. It is for my personal hobby and entertainment purpose only. Please do not take it as financial, investment, or trading advice. Please conduct your own research before making any financial, investment or trading decisions.