Today, 03/22/2024, a rocket day for NVIDIA stock, it closed at $942.89, which is 7% increase compared to last Friday close of $878.36.
This week, I closed out all my puts positions, and did not open any new positions. I have been thinking about the lessons learnt for me this week in NVIDIA option trading, and probably there are two things I wanted to keep in mind in future option tradings:
- Distribute risk across my trading portfolios – I was too conservative in risk taking this week
- Think ahead, and trade ahead – I was waiting on the rate decision Tuesday. Instead, I should have sold puts prior to the announcement
Honestly speaking, I am not too happy with my trading performance in the last two weeks. There is only one option I traded during last two weeks, I was quite satisfied with in terms of return and risk.
Already, thank you for reading. And, have a great weekend, everyone.
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.