I saw it hit 69 today right after the release

Coulda woulda shoulda kicked this trash that moment

Gonna be bag holding soon lol

Yea freaking rug pull like a mofo lol

Imagine the people who jumped in at that moment

Decided if this goes back to low 50s I’ll add

It’s a legit value play at that level and don’t think that much room to go lower than that still a 70billion dollar profitable company. I think the “conservative guidance” is new management trying to control the narrative. Will give this a few quarters to play out

When is expiration for your option?

I sold it as a covered call. If the daily close hits the target it has a chance to sell (anytime prior to expiration , this expiration was 2/23). Sometimes I buy back the call at a loss if I love the stock. Honestly didn’t even realize Nvidia hit 700 today

This post was edited by Bazi on Feb 7 2024 10:12pm

I thought the stock price had to be over your strike on expiration, but they can execute you at any time that it’s over $700?

I guess I’ve been lucky, I’ve sold calls and stock went over my strike, dipped back below by expiration and I didn’t have to sell shares.

I would consider re-entry if it drops back to low 50’s

Its definitely undervalued. It just needs 1 quarter to prove that the CEO is on the right path forward. Right now, there is uncertainty if they can still grow and uncertainty about the new CEO / team.

I think this one will need more patience

Yeah it’s up in the air the moment the stock closes over the strike, option is at risk to be executed when this happens, anytime prior to option expiration.

So I got into the habit of selling calls only on stocks I want to sell. But sometimes I break my rules , didn’t think it would fly this fast to 700 tbh

Agreed , will stick with it

Dang I guess I had misunderstood! I thought it only mattered on expiration day so I was thinking you still have until 2/23 for it to pull back some. Hmmm… eating the option loss or selling shares. I’d probably favor keeping the shares.

This post was edited by RatM on Feb 8 2024 02:00am

Obv they are pricing in a massive earnings from NVDA

Any sign of weakness will be a big correction in stock price