{"id":13261,"date":"2022-03-29T16:10:17","date_gmt":"2022-03-29T20:10:17","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?page_id=13261"},"modified":"2022-03-29T16:10:17","modified_gmt":"2022-03-29T20:10:17","slug":"out-of-my-long-nvda-calls","status":"publish","type":"page","link":"https:\/\/www.mainstbeatswallst.com\/?page_id=13261","title":{"rendered":"Out of My Long NVDA Calls"},"content":{"rendered":"<p>Back on 1\/10\/22 I bought 7 contracts of the NVDA 6\/17\/22 $270 Calls for a premium of $28.50. The beginning of the year was a rough start and NVDA backed off a bit leaving me with a position down multiple thousands of dollars. These contracts still had 3 months until expiration but since I bought them a few months ago I was concerned with <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"http:\/\/www.mainstbeatswallst.com\/?page_id=444\">Time Decay<\/a><\/span>. I placed an order to exit the position with the price of $36 but I didn&#8217;t get filled. I decided to lower my price to $35.75 and I was filled about 10 before the close.<\/p>\n<p>I got in for $28.50 and I just sold the 7 contracts at $35.75. With NVDA moving lately it turned a big loss into a $5075 gain. I&#8217;m very happy getting out with this profit. If I think NVDA will continue to move I can buy more Calls going out further, maybe Sept.<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\">1\/10\/22 \u2013 Buy to Open 7 NVDA 6\/17\/22 $270.00 C @ $28.50<\/p>\n<p style=\"text-align: center;\">3\/29\/22 \u2013 Sell to Close 7 NVDA 7\/17\/22 $270.00 C @ $35.75<\/p>\n<h4 style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>Profit +$5075<\/strong><\/span><\/h4>\n<p>&nbsp;<\/p>\n<p>This is why I don&#8217;t buy short term options. In January, if I bought an April option I would have lost my money. Going out to June I paid more for the option but I bought time for the Call to recover. My advice is, stay away from buying short term options<\/p>\n<p>If you have any questions on Time Value or Time Decay send me an email.<\/p>\n<p>&nbsp;<\/p>\n<p>Successful trading,<\/p>\n<p>Steve<\/p>\n<p><em>The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Back on 1\/10\/22 I bought 7 contracts of the NVDA 6\/17\/22 $270 Calls for a premium of $28.50. The beginning of the year was a rough start and NVDA backed off a bit leaving me with a position down multiple thousands of dollars. These contracts still had 3 months until expiration but since I bought [&hellip;]<\/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-13261","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-3rT","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/13261","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=13261"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/13261\/revisions"}],"predecessor-version":[{"id":13262,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/13261\/revisions\/13262"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13261"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}