So help me out if you have some useful input.
I bought a NVDA call months ago and have been rolling it out when it hits 20 DTE +-. I have taken out my base cost and not it's all profit. Now I have a June 14, $790.
Essentially I have been rolling it forward to take out the basis. Now I know we have 2 upcoming events earnings on 5/22 &the meeting in June. I need your thoughts what is most efficient? Continue to roll out in time targeting lower IV or sell it, and get back in when/if it drops?
Posted by bobdoblimian
4 Comments
“I bought a NVDA call months ago and have been rolling it out when it hits 20 DTE +-. I have taken out my base cost and not it’s all profit. Now I have a June 14, $790. Essentially I have been rolling it forward to take out the basis.”
Would like to try to help, but have no idea what this means. Could you list what you initially bought, and for how muich? Followed by your subsequent rolls.. That would help quite a bit.
>sell it, and get back in when/if it drops
Thats what Ive been doing. Im not the type to leave money on the table.
Roll if you’re risk on, sell if risk off. No one knows how the stock will move.
I would sell before market close tomorrow. For the second time: no one ever went broke taking profits.