Liquidate then dump into 0DTE calls or puts on SPY
stockmarkettrader on
I would sell long dated covered calls
neveral0ne on
The smart thing here is to wait for stock split, sell half, invest that half into index fund and hold for a while. Even if you dont touch that half it will be doubling your money every 5-6 years.
You probably want to diversify a bit more into other tech stocks as well.
Ghost1914 on
Sell 1200 calls for this Friday and if they get sold then you made around $30k off the calls and over 4.5 million on stock. Then stick it all in SPY until tax time and sell whatever is needed to cover taxes.
TheGeoGod on
Did you buy in 2004 or 2005?
bluefromthelou on
Tell yourself u won its 4 mill bro…. then sell calls buy puts until all the shares are gone and laugh and giggle to the bank
fart_huffer- on
By leaving this sub
RBControlsGuy on
You’re up 4.6M dollars and you are asking how would you hedge this??
What is there to hedge on a hugely profitable position, just sell it and then buy index ETFS and or other stocks that pay a dividend yield and sell covered calls. At this point you could easily retire just accruing 10% annually spread over several dividend paying companies. The hedge would be to buy some 5 YR maturity bonds while allocating some of your portfolio to the stock exchange.
Google stock, or just don’t hedge it. Keep it in NVDA.
RedElmo65 on
What am I reading? You bought this at $12!?
Minimum_Finish_5436 on
This matters how much you need i guess.
When you win, stop playing the game.
25% NVDA. Sell covered calls at your desired strike and expiration.
74% zero cost market index.
1% two chicks at the same time.
Artificial_Squab on
Don’t risk what you can’t afford to lose for what you don’t need.
sellpremium2022 on
Mans about to have 40k shares next week, wow. This was probably a buy for you 8 years ago, and you held this whole time, you have some guts man, well done. When the nearly 80% margins peak, its lights out for NVDA, keep that in mind. The covered call potential for an easy 250K a year at this current price range is what WSB wishes for.
romax1989 on
Holy…..
seviay on
Sell upside calls against your position and use the proceeds to buy puts. Easy peezy, esp since puts are cheaper than calls, in terms of premium
Desmater on
Probably wait until after the split.
Then start selling covered calls.
But not all of them. Have to consider taxes.
big-rob512 on
Idk could try a collar but it will probably blow through a short call
Immediate-Product167 on
You’re already in long-term capital gains territory. Is your state high income tax or something? Why not just sell and diversify? You’re going to be hit with taxes one day anyway when you sell.
EntertainmentFit3288 on
Here comes uncle sam
rowlecksfmd on
Sell batches of 40 calls weekly, you can’t lose
MangoTwistedMetal on
Sell 2000 shares. Make $2,328,000 profit. Pay your long term capital gains of $465,748 to Uncle Sam. Take your $1,862,922 and buy a nice, safe money market fund with a rick free rate of 5.5% interest. Now you are making $102,464 every year risk free. While also having $2,328,000 in NVDA. Boom you are set for life. Congrats.
Scary_Larry_ on
Buy puts for 2 years out?
sydaust on
Sell it and pay the taxes. Long term cap gains aren’t so bad. It’s worth it. Might be worth moving to a no tax state if you’re not tied down. If you’re in California or New York a move to Texas or Florida for a year would save you ~$500K in taxes.
ThisCryptographer311 on
I would hedge it by fucking selling it you greedy little knuckledragger
WOTEugene on
Sell 1/4 and invest in hookers.
edgybrahvoh on
With cocaine and hookers
Boring_Advertising98 on
Retire now and live off the $11000 a month in interest AFTER TAX.
Competitive-Pen7636 on
Buy puts, that’s literally what they’re for
paperpeddler on
You, and excuse my language, jagged tooth mother fucker congrats! Got damn Idk how I missed nvidia. Something something the forest for the trees.
34 Comments
Liquidate then dump into 0DTE calls or puts on SPY
I would sell long dated covered calls
The smart thing here is to wait for stock split, sell half, invest that half into index fund and hold for a while. Even if you dont touch that half it will be doubling your money every 5-6 years.
You probably want to diversify a bit more into other tech stocks as well.
Sell 1200 calls for this Friday and if they get sold then you made around $30k off the calls and over 4.5 million on stock. Then stick it all in SPY until tax time and sell whatever is needed to cover taxes.
Did you buy in 2004 or 2005?
Tell yourself u won its 4 mill bro…. then sell calls buy puts until all the shares are gone and laugh and giggle to the bank
By leaving this sub
You’re up 4.6M dollars and you are asking how would you hedge this??
What is there to hedge on a hugely profitable position, just sell it and then buy index ETFS and or other stocks that pay a dividend yield and sell covered calls. At this point you could easily retire just accruing 10% annually spread over several dividend paying companies. The hedge would be to buy some 5 YR maturity bonds while allocating some of your portfolio to the stock exchange.
https://preview.redd.it/67t5c95swm4d1.jpeg?width=640&format=pjpg&auto=webp&s=96d6f70c52f39950859a4217ade3caf563025dfa
dad?
https://preview.redd.it/jq6uuzgqxm4d1.png?width=400&format=png&auto=webp&s=ed86a6ca64da28b9fac094108fa4021ecf68bd5c
Short against the box
Covered calls.
Google stock, or just don’t hedge it. Keep it in NVDA.
What am I reading? You bought this at $12!?
This matters how much you need i guess.
When you win, stop playing the game.
25% NVDA. Sell covered calls at your desired strike and expiration.
74% zero cost market index.
1% two chicks at the same time.
Don’t risk what you can’t afford to lose for what you don’t need.
Mans about to have 40k shares next week, wow. This was probably a buy for you 8 years ago, and you held this whole time, you have some guts man, well done. When the nearly 80% margins peak, its lights out for NVDA, keep that in mind. The covered call potential for an easy 250K a year at this current price range is what WSB wishes for.
Holy…..
Sell upside calls against your position and use the proceeds to buy puts. Easy peezy, esp since puts are cheaper than calls, in terms of premium
Probably wait until after the split.
Then start selling covered calls.
But not all of them. Have to consider taxes.
Idk could try a collar but it will probably blow through a short call
You’re already in long-term capital gains territory. Is your state high income tax or something? Why not just sell and diversify? You’re going to be hit with taxes one day anyway when you sell.
Here comes uncle sam
Sell batches of 40 calls weekly, you can’t lose
Sell 2000 shares. Make $2,328,000 profit. Pay your long term capital gains of $465,748 to Uncle Sam. Take your $1,862,922 and buy a nice, safe money market fund with a rick free rate of 5.5% interest. Now you are making $102,464 every year risk free. While also having $2,328,000 in NVDA. Boom you are set for life. Congrats.
Buy puts for 2 years out?
Sell it and pay the taxes. Long term cap gains aren’t so bad. It’s worth it. Might be worth moving to a no tax state if you’re not tied down. If you’re in California or New York a move to Texas or Florida for a year would save you ~$500K in taxes.
I would hedge it by fucking selling it you greedy little knuckledragger
Sell 1/4 and invest in hookers.
With cocaine and hookers
Retire now and live off the $11000 a month in interest AFTER TAX.
Buy puts, that’s literally what they’re for
You, and excuse my language, jagged tooth mother fucker congrats! Got damn Idk how I missed nvidia. Something something the forest for the trees.