Subject: Re: Fun with Nvidia
The first half of 2024 has proved kind to the Nvidia options strategy. There were two dips that provided call buying opportunities when the week-ending price dropped below the 3-week simple moving average. In both instances the at-the-money options were held for five weeks.
Week of Expiration Strike Entry Exit Return
Date Price Price
01/08/24 23 Feb 550 $31.05 $175.65 5.657x
04/22/24 7 Jun 880 $73.55 $211.97 2.882x
DB2