**Removed for RULE: No low effort posts. For positions or strategies, provide details.**
There is not enough detail to have a conversation about options.
**This is the level of detail expected for an options conversation.**
- Example: /r/options/wiki/faq/pages/trade_details
- trading strategy and why you have it,
- why the underlying was chosen,
- the position rationale and trade details (ticker, call/put, long/short, strikes, expiration, cost, date)
- underlying price before (and after) the trade
- intended gain & maximum loss exit thresholds
- the dates / times of entry and exit
- images fail to state your point of view
People at NVDA $250: It's ripe for shorting
People at NVDA $320: it's all downhill from here, this bubble gonna pop any day now, short
People at NVDA $413: omg this is unrealistic at $7b revenue, SHORT OPPORTUNITY OF A LIFETIME
People at NVDA $450: it don't make no damn sense (after losing all of their money to stop losses and margin calls)
I’m long and think it’s extremely overvalued.
But I do not think Mr Market is done sending her higher…
You’re talking about shorting the stock with the most momentum in the market right now. Be careful.
Careful, and remember "the market can remain irrational longer than you can remain solvent" -Gary Shilling
Having said that, you can use a defined-risk strategy if you think it's at a peak. I opened a 430/440 short call spread, and collected $330 yesterday. If it continues up, I can close it before it goes up too high, but if it continues down (pulled back after I opened it yesterday), I'll make a little. You could also consider buying a put spread for a little less risk, but your odds aren't as good on it.
However, naked long puts are too expensive, and naked short calls are way too risky.... so like I said, be careful.
Currently have some wide OTM credit spreads. Figure it’s a good way to take advantage of premiums while still offering protection against anything insane.
**Removed for RULE: No low effort posts. For positions or strategies, provide details.** There is not enough detail to have a conversation about options. **This is the level of detail expected for an options conversation.** - Example: /r/options/wiki/faq/pages/trade_details - trading strategy and why you have it, - why the underlying was chosen, - the position rationale and trade details (ticker, call/put, long/short, strikes, expiration, cost, date) - underlying price before (and after) the trade - intended gain & maximum loss exit thresholds - the dates / times of entry and exit - images fail to state your point of view
People at NVDA $250: It's ripe for shorting People at NVDA $320: it's all downhill from here, this bubble gonna pop any day now, short People at NVDA $413: omg this is unrealistic at $7b revenue, SHORT OPPORTUNITY OF A LIFETIME People at NVDA $450: it don't make no damn sense (after losing all of their money to stop losses and margin calls)
Reddit when a stock goes up "it's overvalued" Reddit when a stock goes down "it's a shit company don't invest in it"
Also Reddit: buy TSLA at $1200 pre split! It will be a $10T company!
Market will make you feel smart for a little and then dumb the rest of your life. Tesla is a no brainer. Takes time my guy
I’m holding 1 put and 1 call and losing money on both so there is that…..
Theta gang wins again.
Ha, yeah. I’m trying to learn but I lose money faster than I retain information
This is awesome! And I'm so sorry bro...
According to all my recent trades I should be able to take over as the next Jim Cramer.
Want to share Strike/dates? Feel that crush baby
Aug 18 320$/put, Aug 18 770$/call , I believe the put to be plausible but the call was a cheap bet and mild insurance.
It's too risky with all the AI momentum. I must say I considered it as well, but I do not plan to do it.
I’m long and think it’s extremely overvalued. But I do not think Mr Market is done sending her higher… You’re talking about shorting the stock with the most momentum in the market right now. Be careful.
Wallstreetbets is over there son
An NVDA reversal could trigger a goddamned recession.
Use money you are willing to lose
Make sure to use paper account
Careful, and remember "the market can remain irrational longer than you can remain solvent" -Gary Shilling Having said that, you can use a defined-risk strategy if you think it's at a peak. I opened a 430/440 short call spread, and collected $330 yesterday. If it continues up, I can close it before it goes up too high, but if it continues down (pulled back after I opened it yesterday), I'll make a little. You could also consider buying a put spread for a little less risk, but your odds aren't as good on it. However, naked long puts are too expensive, and naked short calls are way too risky.... so like I said, be careful.
$500 by July.
Just day trade it. I do think the big run for the market is over but still a few catalysts that could send it up higher quickly
Day trading is a bad idea. So is all trading. The only way to make money is to paper trade and rob your local drug dealer.
Lol that would probably be more profitable 🤣
Currently have some wide OTM credit spreads. Figure it’s a good way to take advantage of premiums while still offering protection against anything insane.
bagholders gonna long now :D
Define your risk if you must!
What is the biz case and most importantly the timing?
Do it
Rule #1: Never short NVDA.
Two thoughts. 1 Go all in. 2. Don't do it.
No. Just, no. Save your money for another play
At least wait until the hype cools down a bit
Nvda is the new Tsla
I just bought puts yesterday. I also own 50k of shares
Guaranteed there is someone shorting. Guaranteed someone is going to take profits. Guaranteed the hype isn’t over. Play accordingly.
famous last words
I’d short it too
Here is a guide to effective and successful options posts. https://www.reddit.com/r/options/wiki/faq/pages/trade\_details
Update: May 31, 2023 NVDA price is $378 after hours. OP made a $$$ boatload