NVDA - MyMI Option Plays - PUTs
Updated
Just purchased some NVDA PUTs after it lose movement from this mornings push upward. I was seeing if it would cross that $430 Fib Retracement Level but it didn't even make it that far before showing signs of moment loss (for the moment).
So in that moment, I will be looking to snatch some profits going backward for a bit, potentially back to the 400s.
50% Retracement would show $390 but I'm being gracious with the $400 target for now.
So in that moment, I will be looking to snatch some profits going backward for a bit, potentially back to the 400s.
50% Retracement would show $390 but I'm being gracious with the $400 target for now.
Note
NVDA popped up on me this morning but closed back in the green, so I at least got passed the 1 1/2-day wait for my options to kick back in and potentially start gaining profits going into the rest of the week. I don't plan on going Short for long on NVDA, I just believe there is a cooldown period that will occur before it ramps back up in which I would then go forward with Shares/Options to the upside.
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