Today, 03/20/2024, definitely a up day for NVIDIA stock. It opened at $898.90 and closed at $903.72. In after-hour trading it increased another $8.34 to $912.06. The interesting thing about today’s trading is that all three major US index were almost flat prior to the rate decision announcement. And, right after that, NVIDIA stock started to hike up.
Hindsight, I could sell a put on NVIDIA while it was steadily dipping prior to 2pm Eastern time today. If I had done that, I already would have been generating return on the put. While, a lesson learnt today for me, though I wanted to defend my risk well with my trading strategy, I need distribute the risk across my trading portfolios – some being aggressive, some being moderate and some being low risk.
Well, tomorrow is another day.
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.