fuzzballl 9:17 am on Wednesday, November 29, 2017
Tags: IRA ( 431 ), JadeLizard ( 130 )

NVDA

In an #IRA – Sold NVDA JUN 15 2018 140.0 Put @ 4.00

smasty 9:35 am on Wednesday, November 29, 2017

Thank you Mr. Fuzzball for the idea. I sold Dec 15 #JadeLizard on NVDA:
STO 185 p
STO 205 C
BTO 207.5C all for net credit of 3.23 credit. No upside risk, Max profit: $1292, BE on downside: $181.80, Max risk: Long Stock Assignment of 400 shares. Target: 50%
- fuzzballl 9:54 am on Wednesday, November 29, 2017
  
  Gonna have to brush up on my Jade Lizards. I like the looks of those. Collect a little more premium if it tanks and still make a little on a big rally. In this market I’ve struggled more than once with short calls of a strangle getting in trouble.
  - hcgdavis 1:14 pm on Wednesday, November 29, 2017
    
    the other option is sell credit spreads against your leaps or stock. Then you are net long calls and if it blows past the short strike you can keep making money.
    
    I may try this next round on SVXY if we ever get a vol. spike.

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