NVDA Option play

7 sept. 2017

This coil is gonna go big one way or the other very soon. Hoping for that to be tomorrow off a weak open. My play is to spend $50-100 on sep 8 calls(probably 170 strike, possibly 167.5) on any pullback, risk to 0, sell for a minimum of 100%, depending on the chart. A break of 167.89 (today's high) is a good add spot, then above 168.58 another add which could pop for a $1 gap fill. I already am holding a bigger position of sep 15 calls. Volume is not there, I'm early on this. Could still go south, and will drop fast so manage your risk well!

12 sept. 2017

Note

What a close for this today! I averaged down on my SEP15 172.5 calls, and basically ended the day break even. Setting up for a potential gap and go in the morn.

15 sept. 2017

Note

Keeps trying to break out but can't quite hold it up there. Will be watching for a sell off to enter over the next few days. I added OCT calls yesterday, will hold them unless some crazy negative news comes out