Shorted NVDL, actually, which is basically 2x Nvidia. Interesting enough, I also own the exact same shares of NVDL, long position.
Long-term position versus short-term insurance. You can do something similar with puts and calls, but I like the 2x from time to time.
I own a long position in NVDA ($40k or so) and I just closed out a $27k position of NVDL before I shorted.
Interested in hearing thoughts and a discussion here.
https://i.redd.it/1s9lfg56mu6d1.jpeg
Posted by Ok-Elderberry-3408
19 Comments
Discussion
https://preview.redd.it/c75za3cz3v6d1.jpeg?width=499&format=pjpg&auto=webp&s=8825f8baab44084ab55d00c2e145733c197ad1ec
All I have to say:
The fuck, why have I never heard of nvdl
Donation
First week on wallstreet I thought *hmm NVDA is up and what’s up must come down.* basically set my cash on fire.
Oh ew
This is embarrassing af..
What goes up must come down
NVDA won’t crash. At worst the rallies stop and the price deflates a bit and comes up again by year’s end and keeps on chugging along. AI has a long way to go still when so many companies are turning towards it so don’t expect Nvidia to just crash. Stop shorting. Buy a long dated put or whatever and forget about it.
There probably is a 30% correction out there somewhere but ask Michael Gayed @leadlagreport on X before you buy puts. The man is smart and knows NVDA.
Why would you do that with their news lmfao
Thank you for your sacrifice.
Ouch
Nvdlong deez nuts