Tuesday, April 30, 2019

NVDA Exit


NVDA position self-liquidated today when it rose above Friday's high. The hedge I described in the previous post did increase in value but much less than I expected. I paid $14 and sold for $26, while the Jun 170 Put cost $8.00 and sold for $6.28.

Normally I'd hold the position until a close above the 8ema and follow through the next day. But this was a somewhat risky trade and the Put will lose value quickly. I thought it better to get out and watch it rather than hold on.

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