avg cost of my 2 15-pt spreads on AAPL is $5.58; on Fri, AAPL closed at 226.34, the spreads are now worth ~~$9.4 each i think the stock price will be trading above 230 way B4 the 1 Aug earnings date; on that basis, i placed limit sell orders to close both spreads, at $10.7 each, exiting on the way up
With Trump's election looking probable, the stock market may have another leg of growth in front of it in 2024. The market is very supportive of Trump's pro-growth economic policies, inflation-busting track record, and lower tax policies (no tax on tips for instance).
on 30 July in view of the fact that, on this past Monday, NVDA had closed the 95 -102 gap; 62% retracement is ~~ 94, decided to make a play on NVDA i have a bullish outlook for NVDA; think that it will be way above 150 by 2026 constructed a 10-point bullish CALL spread buy-to-open the Dec 2026 95 strike CALL contract for $37.10 (the long leg) sell-to-open the Oct 2024 105 strike CALL contract for $11.30. (the short leg) net cost of $25.80 as NVDA rises to near 105, will buy back the short leg and, simultaneoursly, sell a CALL with a higher strike with an expiration further out in the future, as long as i get to collect a premium. will keep on rolling on the short leg foreward ideally, by Dec 2026, i would have collected premium of more than $25.80, w a bullish CALL spread that covers more than 55 points
earnings on 8/28. i am bullish also. even with the market turbulence, hanging around $100 is a good sign.
nvda trading ~~109, the short leg (105 strike CALL) is already in-the-money; have to roll it forward to a higher strike CALL. simultaneously, buy-to-close the Oct 2024 105 strike CALL contract (old short leg) sell-to-open the Dec 2024 113 strike CALL contract (new short leg) netted a premium of $1.05, which reduces my cost to $24.75 (25.8 - 1.05)
lagging technical indicators just confirmed a change in direction to the upside; up 17 points over the past 5 trading days, NVDA is gathering momentum for an upswing just rolled fwd to another higher strike CALL again; simultaneously buy-to-close the Dec 2024 113 strike CALL contract sell-to-open the Mar 2025 120 strike CALL contract (newest short leg) netted aother premium of $1.25 so my bullish CALL spread has morphed to become a 25-pt spread Long Dec 2026 95 strike CALL Short Mar 2025 120 strike CALL
NVDA trading above 114; just rolled forward the short leg to Jun 2025 124 strike CALL, collecting a premium of $2.05
2 days ag, NVDA closed ~~116, +7 rolled forward the previous short leg to Sep 2025 130 strike CALL contract, collecting a premium of $1.25 my original 10-pt CALL spread on NVDA has morphed into a 35-pt CALL spread, in the process, collecting about ~~$5 in premium. my current play on NVDA Long _ on Dec 2026 95 strike CALL Short _ on Sep 2025 130 strike CALL just rolled that Sep 2025 130 strike CALL forward to Jan 2026 134 CALL, collecting a premium of $2.65
rolled forward the short leg twice, to the Jan 2026 140 strike CALL, netting a premium of ~~$2 my current play on NVDA, a 45-point bullish CALL spread, net cost ~~$17.85 Long _ on Dec 2026 95 strike CALL Short on Jan 2026 140 strike CALL NVDA closed at 130 today
rolled forward the short leg, to the Dec 2026 145 strike CALL, netting a premium of ~~$2.80 my original 15-pt bullish CALL spread has morphed to be a 50-pt spread, net cost of $15.05 long on the Dec 2025 95 strike CALL contract short on the Dec '25 145 strike CALL contract i have spent $15.05 for the opportunity to participate in a potential maximum reward of $50
NVDA beat estimate for earnings and revenue'; also nevertheless, w after-hours trading at ~~ 129, NVDA is down ~ 10 points since the close last Friday \_(ツ)_/¯
correct the typo, my current 50-pt bullish CALL spread, costing me ~~$15.05 is long on the Dec 2026 95 strike CALL contract short on the Dec '26 145 strike CALL contract NVDA is trading ~~114, my spread is worth $18
T I M B E R ! the news of its screwed-up with the MAX 737 continues; Boeing's Starliner spacecraft is stuck in space. have made a plan on this dog, constructed a 40-pt bearish CALL spread using Feb 2025 expiration, buy-to-open the $155 strike CALL contract sell-to-open the $195 CALL contract collecting a premium of $22.2 up front to assume the maximum risk of $40; on Feb 2025 expiration, should BA trade below $155, i get to keep all the premium
from the most recent low of 100.9, stock price has risen to 107 the 50-pt bullish CALL spread is worth ~~ $16.45
~~ 3 wks ago from the most recent low of 101, 6 trading days ago, NVDA is trading at 119. the new up trends looks intact, decided to make another play sold this15-point bullish PUT spread, using Nov 15 expiration day; next earnings will be 11-22-24 buy-to-open 110 strike PUT contract sell-to-open 125 strike PUT contract collecting a premium of $7.23 in advance. m assuming the potential max risk of $7.77 to win $7.23; should NVDA closing above 125, by Nov 15, both contracts will then be worthless, and i get to keep all the $7.23 premium that was collected in advance
