I actually snagged some 1500 calls for 6/21 because they were cheap. Not expecting the stock to get to 1500. But it does not have to. If SMCI pops $150 even the 1500 calls triple in value. $$$
Yes. But depending on the type of news they move together or in opposite direction. So not really a safe play since amd is trying to take market share.
No real IV crush on 6/21 SMCI calls right now. They do not have their earnings anytime soon. Only the NVDA options suffer from IV crush near NVDA’s earnings.
High price is relative.
I took two 1500C 6/21 SMCI calls
for 2.30 ($230 per contract)
I also grabbed one 1160C 5/24 SMCI call for 1.35 ($135 per contract)
The 5/24 one was a last second gamble just before close today. Basically in case SMCI pops tonight or in the pre-mkt. If it is flat until tomorrow…. that same 1160C 5/24 SMCI call will prob be like .80 ($80 per contract). I prob should have just simmered and bought that one in the a.m.
hahaha , I would call it a modest way of saying .
I do understand how option works , it's just I'm from a non-English country and the names of combined strategy don't usually pop up .
Thx for your advice anyway.
I would not sell your 3 common shares before earnings. Unless you are oddly hella bearish. You have people paying thousands of dollars in insane options premiums just to trade the earnings. By owning actual shares you get to avoid those premiums. ALSO…. with actual shares you can sell after hours at the peak top of the stock price pop (if it played out that way I mean). Tbh I would not sell those shares period. Maybe “one” if you it hits $1,100 and you want to pocket the cash…BUT if you look at the last earnings (2/21) it kept going up for several days after the earnings. What if you sell at $1,050 and it goes to $1,150? etc etc. Great work owning some shares though. Respect
I had SMCI call options. They DID move with NVDA. I sold them first thing Thurs morning for tasty enough 70% profit. So that was nice. Not as powerful as the real Nvidia obviously.
So you will want to hold your remaining 2 NVDA shares (obv). Congratulations you know have 20 shares (10 for 1 stock split). The stock itself will shoot up because millions of retail traders want Nvidia but did not want to pay $1,000 per share. But now when it is $100 per share they will POUR into it. So the 10 for 1 stock split will result in TONS of brand new money being invested in Nvidia. So there is actually yet ANOTHER bump coming technically (some is priced in but the new buyers will be NEW money). The split takes place June 7th I read.
thinking about opening a synthetic long stock position (-1x ATM put / +1x ATM call) with AMD as a Nvidia proxy and then sell calls against the position if it tanks or just keep it simple and buy some calls, havent decided yet
I will likely buy an 1160C 5/24 SMCI call for a “yolo”.
I already bought 2 1500C 6/21 SMCI calls
SMCI traded step in step with NVDA. Check out 2/21 for SMCI.
Great way to avoid the NVDA option IV crush
I have 1100 shares to sell , 400 of which were bought on margin .
This is my 10+ years of saving and investment profit . I worked very hard and maybe too hard , which left me some problems in health.
( not trying to show off when nobody knows me here. just some facts )
I have a call butterfly at the following strikes expiring this week:
Long: 1030 (1)
Short: 1070 (2)
Long: 1110 (1)
I set this up last week for $3.02. My platform gives it a 13% PoP but that's always how it goes with these strategies. In this case, the 1030 strike is at the 24 delta, which for NVDA is practically at the money. I expect this will either pay off pretty well or not at all.
For a potentially more strategic approach, consider a [Jade Lizard](https://optionsjive.com/blog/jade-lizard-a-strategy-for-a-sold-off-market-with-no-upside-risk/).
I like to sell far-OTM Iron Condors, one week out, before earnings, to benefit from IV crush.
Sell 845P 5/31
Buy 840P 5/31
Sell 1100C 5/31
Buy 1105C 5/31
$500 of collateral required, with a max loss of $375. Up $53 so far (14% return on risk). Total profit should increase tomorrow and/or Monday if NVDA continues to trade around the $1040 area and doesn't move up too much, and as IV continues to taper off.
My strategy: Not touching NVDA options...
This 💯
Yes need confirmation
SMCI moves hand in hand with NVDA. I bought some 6/21 calls
yeah they seem to be highly synchronized. What's your strike price ?
I actually snagged some 1500 calls for 6/21 because they were cheap. Not expecting the stock to get to 1500. But it does not have to. If SMCI pops $150 even the 1500 calls triple in value. $$$
SMCI mooning!!! 🥰🚀
Congrats！
Also, AMD is strongly connected with NVDA
Yes. But depending on the type of news they move together or in opposite direction. So not really a safe play since amd is trying to take market share.
Good job
SMCI mooning now 🥰🚀
Avoid SMCI options crush
No real IV crush on 6/21 SMCI calls right now. They do not have their earnings anytime soon. Only the NVDA options suffer from IV crush near NVDA’s earnings.
Well you are probably paying a very high price, right?
High price is relative. I took two 1500C 6/21 SMCI calls for 2.30 ($230 per contract) I also grabbed one 1160C 5/24 SMCI call for 1.35 ($135 per contract) The 5/24 one was a last second gamble just before close today. Basically in case SMCI pops tonight or in the pre-mkt. If it is flat until tomorrow…. that same 1160C 5/24 SMCI call will prob be like .80 ($80 per contract). I prob should have just simmered and bought that one in the a.m.
Sold all of these for 3.9 first thing Thurs a.m.
Diagonal Call spread 900/1000 with long leg DTE 05/31 and short leg DTE 05/24, will close both legs before earnings
an amateur I am, so let me google what a diagonal Call spread first . ; ) Your portfolio would be like this ? +1 call 900 05/31 -1 call 1000 05/24
Others call them poor man’s covered call (PMCC)
yes
Then better not touch option if you are still an amateur
hahaha , I would call it a modest way of saying . I do understand how option works , it's just I'm from a non-English country and the names of combined strategy don't usually pop up . Thx for your advice anyway.
Especially on NVDA especially on margin
That's a lot of intrinsic value on your long leg. It makes some sense though if there's a downside surprise.
Full port into calls
Tbh same
My strategy. Selling my 3 shares before close of May 22 lol
I would not sell your 3 common shares before earnings. Unless you are oddly hella bearish. You have people paying thousands of dollars in insane options premiums just to trade the earnings. By owning actual shares you get to avoid those premiums. ALSO…. with actual shares you can sell after hours at the peak top of the stock price pop (if it played out that way I mean). Tbh I would not sell those shares period. Maybe “one” if you it hits $1,100 and you want to pocket the cash…BUT if you look at the last earnings (2/21) it kept going up for several days after the earnings. What if you sell at $1,050 and it goes to $1,150? etc etc. Great work owning some shares though. Respect
Thank you for such a detailed message. Yeah I decided to hold them through earnings. Godspeed.
You BETTER NOT HAVE SOLD!! please please tell me you held
Yes I held but only 2 lol what about you?
I had SMCI call options. They DID move with NVDA. I sold them first thing Thurs morning for tasty enough 70% profit. So that was nice. Not as powerful as the real Nvidia obviously. So you will want to hold your remaining 2 NVDA shares (obv). Congratulations you know have 20 shares (10 for 1 stock split). The stock itself will shoot up because millions of retail traders want Nvidia but did not want to pay $1,000 per share. But now when it is $100 per share they will POUR into it. So the 10 for 1 stock split will result in TONS of brand new money being invested in Nvidia. So there is actually yet ANOTHER bump coming technically (some is priced in but the new buyers will be NEW money). The split takes place June 7th I read.
Buying qqq calls or puts at 4:13pm est based on the overall move. While guidance could destroy me I think the overall sentiment will carry it.
are we able to buy qqq calls after market ? new information for me.
For 15 min after close
thinking about opening a synthetic long stock position (-1x ATM put / +1x ATM call) with AMD as a Nvidia proxy and then sell calls against the position if it tanks or just keep it simple and buy some calls, havent decided yet
AMD calls- it will pop with positive earnings from NVDA
if, and only if, nvda drops before earnings i will buy ATM calls
I’m buying what you’re selling. 975C expiring on Friday.
I will likely buy an 1160C 5/24 SMCI call for a “yolo”. I already bought 2 1500C 6/21 SMCI calls SMCI traded step in step with NVDA. Check out 2/21 for SMCI. Great way to avoid the NVDA option IV crush
You have 100 shares of NVDA to sell? Your out of my league. Just play spy calls. Much cheaper.
I have 1100 shares to sell , 400 of which were bought on margin . This is my 10+ years of saving and investment profit . I worked very hard and maybe too hard , which left me some problems in health. ( not trying to show off when nobody knows me here. just some facts )
Short 10 Delta Strangle at the close tomorrow. Buy back the following morning.
I've thought about that before last earning report . but afraid of a surprise rise/drop
Follow Up: Sold 2x10 Delta Strangles at today's close: 1080 C for 4.50 / 840 P for 4.70 Total Premium = $1,840. Exp is 5/24
Nice one . Seems like safe when it's 1010 now.
Thx. Sold back at the opening for 2.64 per strangle. Total profit = $1,372.
Bought a $20k in NVDL. Positive news, it will get a good pop. Negative news, it may go down, but will come back with some time.
a good way for a strong stock
Buying 100 contracts of QQQ depends on its direction after earnings report
Avoiding IV Options Crush
yeah , IV crush will definitely happen after earning . That's why I short calls
No but I have a TQQQ short put trade open that probably won't reach 50% profit before NVDA earnings.
Debit diag calendar CC on nvidia, AMD CC's but i keep (unsuccessfuly) trying to have faith in them lol.
Amd is soooo ass 🤷🏾♂️
CCs only soften the ‘blows’ both ways.
true . This is usually effective when investor isn't so sure about how the stock goes.
Just wondering if anyone has considered USD monthly calls. Volume isn't particularly high but, well just wondering
June and July dated bull call spreads in AMD ARM MU and NVDL. Waiting until after earnings to load NVDA options
Double calendar closing in two days. Up 11% on it, should be good unless there's some crazy moves.
I have a call butterfly at the following strikes expiring this week: Long: 1030 (1) Short: 1070 (2) Long: 1110 (1) I set this up last week for $3.02. My platform gives it a 13% PoP but that's always how it goes with these strategies. In this case, the 1030 strike is at the 24 delta, which for NVDA is practically at the money. I expect this will either pay off pretty well or not at all.
For a potentially more strategic approach, consider a [Jade Lizard](https://optionsjive.com/blog/jade-lizard-a-strategy-for-a-sold-off-market-with-no-upside-risk/).
I have AMD call options.
Hopefully amd and Dell also goes up tomorrow
they do . congrats !
Yeah
I might not touch nvda options... Instead spy or smci might be good
why would you prefer SMCI to NVDA ? just curious
I like to sell far-OTM Iron Condors, one week out, before earnings, to benefit from IV crush. Sell 845P 5/31 Buy 840P 5/31 Sell 1100C 5/31 Buy 1105C 5/31 $500 of collateral required, with a max loss of $375. Up $53 so far (14% return on risk). Total profit should increase tomorrow and/or Monday if NVDA continues to trade around the $1040 area and doesn't move up too much, and as IV continues to taper off.
Play SOXL. It may be volatile, but not as much as individual semi stocks.
I sold 10 delta on both sides and bought the next option with a net credit of $1 have a pretty wide window of profit $830-$1100
Calendar spread on qqq. This ain't Wallstreetbets