I’m sitting on what I have still with no changes yet. Have y’all seen the price of FNM this week? It’s down to 27.97. I bought my call back on the day it hit it’s near term high. The only saving grace I have with my ill feelings of throwing away so much cash is that I didn’t hold onto the puts I also sold, so I got out with a profit on those. I had a feeling FNM would be pulled back down, but just not enough proof with that feeling to let it have the chance of running away from me.
Check out these charts of NVDA and VIP. NVDA just gapped up above its 10 day moving average and is now using is for support. VIP is being held back by its 10 day moving average and can’t break through. I think NVDA is poised to take off and I’m staying long on it as long as it stays above its 10 day moving average. I think VIP is about to do the same and will take off too. I’m short April 30 and April 35 naked puts on VIP and have 800 shares of NVDA, so I certainly have a vested interest in both of these.
