Hey guys! Newer to options trading. I decided last week, to drop about 7.8k on 15 NVDA $1200 6/14 calls, for $4.90 per. Come today, watched it roller coaster up and down. As of close of market today, 5/28, they hit a price of $34.52 per, which wouldput the trade at 44+k gain. If this was your trade, would you sell immediately, or ride it until after the split? Looking for honest opinions. And just that OPINIONS đ I'll also take constructive criticism, as I'm fairly new and could probably use it.
Experienced Options Traders, hold out or sell NVDA Calls?
byu/CrazyDragonfruit1630 inoptions
Posted by CrazyDragonfruit1630
7 Comments
Take it and run, homie.
I mean if money doesnât matter to you, ride it out. Greed kills most
You have 15 âŚ. sell 5 immediately , sell 5 tomorrow eod and ride the rest !
* NOT a exp opt trader !
But thatâs what I would do !
Sell my dude, the feeling of “damn I could have made more” is much much better than “damn, I should have sold when it was at all time high”
A good advice I have seen in this sub (and the “other” sub) is that if it was good enough to take a screenshot or share it in reddit then its good enough to sell it.
Run
If this were my trade, I wouldâve defined my plan before entry. That is the best piece of constructive input I can offer.
Waiting until a trade is on to decide what youâre going to do is like building a place while trying to fly it. The primary purpose of thinking through management ahead of time is to validate that our management plan will lead to profitable outcomes not on a single trade, but over the lifecycle of the trading system which can be tens of thousands of trades.
Take what the market gives you. 44k!
Close it out. If you want to run it down to the wire next time just do debit spreads with the lower leg being deep ITM and the upper leg being ATM or slightly OTM. Basically the sold leg theta decay will play in your favor.