Yesterday, 04/09/2024, was a very interesting day for NVIDIA stock. It fluctuated about 5.3% within the day from high of $874 to low of $830.22. Despite it was a down day for NVIDIA stock, I was able to make close to 1% return yesterday by selling puts in the late morning and closing the puts right between the market closed. Also, I bought in shares of NVIDIA with the intend to sell covered calls when stock goes up sharply.
Though the shares I bought did not catch the lowest points of yesterday’s trading, but still relatively happy with the result and the return made yesterday.
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.