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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