Today, 03/13/2024, NVIDAI stock interestingly opened at $910.55 dropped from previous day (03/12/2024) after-hour close at $931.2 . The low of today is $884.35. Price fluctuated about 3% today.
No action taken at my side on NVIDIA option today. I wanted to observe price-action for a little bit more. If tomorrow is a down day, likely I will sell a put. If not, then I will wait till Friday. Keep in mind GTC AI conference is next week from 18th to 21st, this event may push NVIDIA stock go higher next week. But, there is also a FOMC meeting on March 19th-20th. So, how these two events will impact NVIDIA stock price next week is hard to predict.
What I believe is that no one knows the market, but we can try to make reasonable assumptions based on what we know. So far, this week I exercised my patience in option trading and tried to wait for a good moment to enter.
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.