We are opening LEAPS against Nvidia (NVDA) so we can start selling covered calls against the position while still being exposed to the stock’s growth. Instead of owning 100 shares of NVDA which would cost us $18,824 we could buy 1 LEAPS contract for $8,370 instead, gain the same (or similar) exposure to the stock’s Continue reading →
Today (July 1st, 2024), the sky was falling and I got stopped out from my NVDA position in the morning. I set my stop loss at $120 a share. But later, buyers stepped in and started buying. So, the doom and gloom hasn’t happened (it still may happen but at this point it is less Continue reading →
Media are spinning their narratives telling us what they think (usually after the fact) what is going on. And now they tell us that the markets are down because of investors waiting for Nvidia (NVDA) earnings report after the bell. If it was true, that would make the market extremely stupid. They are selling now, Continue reading →
NVDA is in stage #2. The stock rallied very hard and there is a lot of controversy about this stock and the company it represents. We have a strong cult built around the stock. People would die defending it and they buy no matter what. And these people were awarded sticking to their guns Continue reading →
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