I’ve been keeping you up on my Nvidia (NVDA) positions I entered because of the 4:1 split. One of the Calls I bought is listed below. I bought this position on 7\/19\/21, the day of the split.<\/p>\n
7\/19\/2 – Buy to Open 1 NVDA 1\/21\/22 $760.00 C @ $83.00<\/strong><\/p>\n After the close on 7\/19 this 1 contract I bought at $83 became 4 contracts at $20.75.<\/p>\n Today I sold 2 of the 4 contracts. I sold them for $45.75.<\/p>\n I’m in at $20.75 and out at $45.75. This is a profit of $25 per contract. I sold 2 contracts which represent 200 shares.<\/p>\n The profit of $25 times the 200 shares is a total profit of $5000.<\/p>\n <\/p>\n Post 4:1 Split \u201cSell to Close\u201d<\/span><\/p>\n Sold 2 of 4 Contracts<\/p>\n 7\/19\/21 \u2013 Buy to Open 1 NVDA 1\/21\/22 $760.00 C @ $83.00 ($20.75 post split)\u00a0<\/strong><\/p>\n 8\/30\/21 \u2013 Sell to Close 2 NVDA 1\/21\/22 $760.00 C @ $45.75 <\/strong><\/p>\n <\/p>\n Remember, I owned 4 contracts. I only sold 2 of them for the $5000. I could have sold all 4 for $10,000 but I decided to sell half of the position because the contracts have a lot of time to grow in value. But I wanted to lock in some profit.<\/p>\n In addition to these 2 remaining contracts I still own 4 NVDA 1\/20\/23 $205 Calls. These have over 500 days before expiration.<\/p>\n So far I have $14,600 locked in on my split strategy with NVDA. And I still own 6 more contracts.<\/p>\n I always hear the gurus on TV saying that stock splits mean nothing. Well, they can think what they want, it means something to me! It means a lot of money!<\/p>\n <\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n \u00a0<\/strong><\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" I’ve been keeping you up on my Nvidia (NVDA) positions I entered because of the 4:1 split. One of the Calls I bought is listed below. I bought this position on 7\/19\/21, the day of the split. 7\/19\/2 – Buy to Open 1 NVDA 1\/21\/22 $760.00 C @ $83.00 After the close on 7\/19 this […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"class_list":["post-12172","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-3ak","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/12172","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12172"}],"version-history":[{"count":3,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/12172\/revisions"}],"predecessor-version":[{"id":12175,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/12172\/revisions\/12175"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12172"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\u00a0Profit +$5000\u00a0<\/strong><\/span><\/h4>\n