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.

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Head to my home page to read more of my naked puts and covered calls trade details.




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I am not a financial advisor and am not certified to give financial advice. Trade using your own research at your own risk.