Greater delta, reduced theta decay (paying less for extrinsic value), and behaves like shares without putting up the capital for the full 100 shares
Looks like she exercised those $12 calls and sold 10,000 shares (made a nice $1.2mm) while still holding the remaining 40,000 shares and entered new ITM options for NVDA.
Looks like she exercised those $12 calls and sold 10,000 shares (made a nice $1.2mm) while still holding the remaining 40,000 shares and entered new ITM options for NVDA.
You want to see this get above the downward trend channel, above $189, and then not fail after a gap fill $212. As if that wasn't enough resistance points, you then want to see it above $245. Now, there's some money to be made should it attack all of those levels, and getting over the 61.8% retrace of the last move down was huge, but it has to now keep momentum going, and there's still a lot of failure points with nothing super constructive, yet, based on the structure it's formed going up. And if it never gets above the trend channel, it risks falling with my preferred downward path a diagonal, but it could certainly get more impulsive downward. Too much to play out to guess ultimate bottoms that might or might not come. And as always, don't assume timing on my charts as it's illustrative.
