Subject: Re: What Did You Buy Today?
Sold Oct $90 Puts on Nvidia for a premium of $12. Stock was trading at $94 and change.
Yes! To both NVDA and selling cash secured puts in this market. Was thinking exactly the same thing today but didn't pull the trigger, now I don't feel so lonely.
I sold a bit of my 'disaster puts' today i.e. the OTM puts that I bought a while ago when VIX was low. The effect of a vol spike on option prices is quite remarkable. These were a side bet, I'm mostly out of the market, and now regretting that I didn't bet more.