Usually I sell weekly options on NVDL. However a different opportunity is presenting itself this week. I sold the $60 cash secured puts last Friday. However, rather than choosing the Aug. 23 expiration I chose the Aug. 30. The Aug. 23 premium is $1.43 whereas the Aug. 30 premium is a whopping $5.00. This is due to the fact that NVDA announces earning that week. Hence implied volatility is much higher. Although I usually avoid trading a stock when it is about to announce earning but I decided to roll the dice on Nvidia.
Your doing great investing and making videos. Keep it up!!
😀
65sohc refers to a 1965 Mustang with a 4.6 liter Single Over Head Cam engine.
Ah makes sense. Yeah that old American muscle is pretty sweet!
Usually I sell weekly options on NVDL. However a different opportunity is presenting itself this week. I sold the $60 cash secured puts last Friday. However, rather than choosing the Aug. 23 expiration I chose the Aug. 30. The Aug. 23 premium is $1.43 whereas the Aug. 30 premium is a whopping $5.00. This is due to the fact that NVDA announces earning that week. Hence implied volatility is much higher. Although I usually avoid trading a stock when it is about to announce earning but I decided to roll the dice on Nvidia.
Interesting. That really is a lot of premium!