NVDA Naked Puts, again and again

Had I waited a few minutes I could have included this trade in my last post.  I keep coming back to NVIDIA (NVDA) and it keeps working, so let’s hope I’m not pushing my luck (skill?) with this order.

While NVDA was trading at 35.86 I sold four February 32.50 naked puts (UVANZ) and received $507.00 after commissions.  With implied volatility on this option over 52, I saw no need to be greedy and try for the Feb 35 strike. 

My DSX trade last hour and now this NVDA trade brought in over $1,000 for the day.  That means it’s time for a walk/run on the treadmill and then eat lunch.  I doubt I’ll trade any more today and will watch these two to make sure I get to keep as much of that $1k as possible through expiration two months away.



« « Diana Shipping (DSX) Sales Again - | - Dreamworks (DWA) Waking Up » »


* If you like this post, then consider subscribing to the Full RSS feed or email updates.

DISCLAIMER: While I am a Registered Investment Advisor Representative, the information contained within this site does not constitue personalized investment advice. This material is meant as entertainment and is only a view into how I invest my own account, but not necessarily how you should invest your own funds. Trade using your own research at your own risk. This is impersonal investment advice which means the material written here, in email exchanges, on Twitter and/or other social networking sites do not purport to meet the objectives or needs of specific individuals or accounts.





Other Popular Articles:

- How to Read an Options Table

- Determining an Exit Price for a Stock

- Understanding Downside Risks in Investing

- How Naked Put Selling Works

- 10 Tips for Keeping Emotions out of Investing



No Comments

No comments yet.

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.