I have bought around 10 calls expiring June 14th with a $1200 strike price. Currently I am bleeding red and strongly holding there waiting for it to hit back.
Any advice on if I have to hold on to it or sell it out for loss, to avoid further red. What do you people think.
Posted by cheetahrider
28 Comments
Use stop loss and save your money ! Greediness Kills !!
You’re asking on reddit whether a specific stock will go up, by at least a specific amount, before a specific date.
Mate if anyone here knew, they’d be a multimillionaire and definitely not giving you this information for free on reddit.
I suggest you sell, not because I think your options are going to expire worthless, but because you have no idea what you are doing.
Assuming you can afford to lose those 10k you invested here, I would hold on. It’s not impossible for Nvidia to hit that again in 2 weeks. The current market correction is likely short lived.
That being said, as always, this is a total gamble. Don’t bet what you can’t afford to lose. So if you CAN afford to lose it, might as well hold it. If you can’t, sell ASAP and don’t play again.
You’re in a tough spot, you’re calling it close on the timeline. Nvidia options tend to lose time value, which is called Theta, because the premium in Nvidia options are a little higher than other stocks. I don’t know where you entered, You’ve got a couple people on here that gave you pretty good advice. Hold on, but just cut your losses, as the gentleman suggested, put in a Stop Loss, Good luck. I don’t like seeing retail players losing money.
You might find this helpful:
Our model predicts a 95% chance that $NVDA will remain below $1220 until June 7th.
– Bear Call Spread: 1220/1230 call, 6/7 expiry, entered on 5/28 at trigger price: $83 premium collected.
This is not financial advice.
It will go down my friend ,the technicals are strongly against it. Its a flag pattern ,plus rsi is overbought and the overall stock market has much higher chance of going down than up
Just sell now so you can rebuy next week when it hits $1200 right before it goes back to $1000 and you repost this again
Next time you want to buy options, better do like Nancy Pelosi and buy them Deep In The Money. Another good idea is to have a long term…. June 2026?
Buying options a month ahead is playing the lottery.
Buying Vertical spreads is a partial answer to the theta decay you are getting mauled by and the underlying dropping too just makes it worse
Cut the dog off and regroup
When did you buy ?
Do not forget time is playing against you with options.
I know what the stock is gonna do but I’m not telling.
Keep it. Stock split on June 7th. But record date is the 6th. Keep it so you can get the 10 for 1. I have 2 contracts expiring on the 28th. I’m holding for the split
Personally I would have never bought the 1200 strike and definitely not within such a short expiration duration. Theta decay will decimate this to 0 in a jiffy.
Where is your diamond hand hu? Lambo or Homless.
No idea why people trade options when futures are so much easier.
LOL
Wait till next week and sell half of the contracts to be safe and take the other half till the end??
My personal opinion is to take the loss on nine and leave one. I expect them to be worthless tho
foldline.report
I would probably never be in that situation but I were to find myself with 10 calls expiring June 14th with a $1200 strike price then I would most likely think about my reasoning and logic for when I bought those calls and would have probably written down like an exit plan of sorts on a napkin or piece of paper on my desk and would follow that exit plan to the tea. which is a really weird saying btw. I think that saying originated in England since the English are very particular about their tea. I heard they like to put milk in their tea so I’ll have to try that out sometime. Anyway, follow your exit plan to the tea. and if your exit plan was to ask reddit. well at least you’re following it to the tea. good luck! keep us updated.
You’re assuming this dude has $1.2 million just laying around to buy 1,000 shares of NVDA and your advice is completely nonsensical.
You could greatly limit your loss by turning it into a call credit spread, by selling 10 calls at for ex 1195 or 1190
thought this was WSB for a second
I am going to assume that you’re okay if the investment goes to zero. If not sell now! If so, what I would do is hold. The stock split is coming and companies typically rise before and slightly after the split. Soon you will be holding 100 @ 120 options. Psychologically, 109 to 120 seems like so much less than 1090 to 1200. That said, it’s a gamble, so only hold if you’re truly willing to lose it all.
Hold it. When nvidia hits 1150 (or somewhere around there) again consider selling. Don’t get greedy.
Also beware of potential IV crush after the split. Your money shot is selling *before* the split and *at $1150 a share*—God be willing.
What you do is you take the decision you think you should make and do the exact opposite 🥴
Call Nancy pelosi and ask her .