I hope everyone had a great Memorial Day. I just returned home from a birthday trip to Niagara Falls and started the 3 day weekend at home. I marched in the Staten Island Memorial Day Parade yesterday and overall I had a great weekend remembering those who gave their lives for our freedoms.<\/p>\n
On Saturday I sent out a post announcing the Nvidia 10:1 stock split and my plans I have to bring in some money in the next few weeks with this very hot stock. I started my Nvidia campaign with the buying of 5 contracts of the NVDL Calls on 5\/22\/24. I bought this Nvidia EFT to capture some gains on a possible Nvidia move with the announcement of their quarterly earnings. My strategy worked and I sold this 5 Call position the next day with a $2250 profit.<\/p>\n
I wrote in my last post to be very careful with NVDL, which is an Nvidia EFT. You must do your homework when investing in this vehicle. Also, when I write about my moves, please be careful and notice when I’m investing in NVDL and NVDA. NVDL is the EFT and NVDA is the stock.<\/p>\n
In my Saturday post I also mentioned that I bought a 1 contract Call with Nvidia on Friday. I wrote that I plan on holding this position through the split and end up with 10 contracts as a result of the split. I also wrote that Nvidia could have a little pull back this week because of profit taking. This is normal after a company announces a stock split.<\/p>\n
This morning Nvidia opened with a strong pop and the stock went up $52. With a possible pull back in mind this week I decided to take the profit I had with my 1 contract Call I bought 2 trading day ago. I bought 1 NVDA 6\/24\/24 $1000 Call on Thursday for $79 and I sold it a few minutes after the open today for $129. That is a $50 gain on this Call which is $5000. I love taking profit so I grabbed this 5K and I will look for a good opportunity to get back in before the split.<\/p>\n
Buy to Open 1 NVDA 6\/24\/24 $1000.00 C @ $79.00<\/strong><\/p>\n Sell to Close 1 NVDA 6\/24\/24 $1000.00 C @ $129.00<\/strong><\/p>\n This is a return of 63% in less than 2 day.<\/p>\n When I get back in I will buy a Call that is At-the-Money or slightly In-the-Money. This Call will have the Expiration Date of June 14th or June 21st. As soon as I buy it, I’ll report it. The split is on June 7th and will trade at the split adjusted price on June 10th.<\/p>\n Be very careful!<\/p>\n <\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" I hope everyone had a great Memorial Day. I just returned home from a birthday trip to Niagara Falls and started the 3 day weekend at home. I marched in the Staten Island Memorial Day Parade yesterday and overall I had a great weekend remembering those who gave their lives for our freedoms. On Saturday […]<\/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-14287","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-3Ir","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/14287","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=14287"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/14287\/revisions"}],"predecessor-version":[{"id":14291,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/14287\/revisions\/14291"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Profit $5000<\/strong><\/span><\/h4>\n