Today, 03/19/2024, is a roller-coaster day for NVIDAI stock. It opened at $867 and dropped all the way down to $850.10 during early-hour trading, and then reached to $905.44 during mid-day trading. And, then the price started to drop again to $888ish. But, it closed pretty strongly at $893.98, which is about another 1% gain from previous day close. The stock price fluctuated about 6% within the day.
My scheduled buy-to-close positions got hit, so all my put positions are closed today, with returns that I can accept. Because the stock price dipped quite a bit in the early-hour trading, I did not think my targeted price could get hit at all today. This is the beauty or I could say the thrills about option trading, it never quite happens the way you plan for it. There are no two days are the same…
I will be observing the price-action tomorrow and Thursday to think about my trading strategies for next week. Tomorrow rate-setting panel will announce its rate decision at 2pm Eastern time, March 20th. We will see how that will impact US stock market as a whole.
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.