New Trade:
With Nvidia at $157.40 I sold an In-the-Money Put with the Strike Price of $160.
Sold to open 1 NVDA 7/3/25 $160 Put @ $2.80, collecting $280 in premium.
If assigned, I’ll own NVDA at a net cost of $157.20 ($160 strike minus $2.80 premium), which I’m comfortable with. If not, I just keep the cash premium.
Let’s see how it plays out!
📈Successful trading,
Steve
The Options Coach