NVDA Iron Cockroach

NVDA @ $543.

STO NVDA Dec 18, 545 / 550 Call credit spread @$2.16 credit for the $5 wide spread.

STO NVDA Dec 18, 540 / 530 Put credit spread @$4.24 credit for the $10 wide spread.

Total credit $6.40 – covers all the upside risk on the sold credit spread (and still keep $1.40 credit).

Downside max loss $3.60 ($10 spread width – $6.40 credit received). Downside breakeven NVDA @ $533. Should be able to manage downside rolls on the puts or manage assignment.

#IronCockroach