Tuesday Feb 2 - PUT CREDIT SPREAD
Sold the 517.5/512.5 PCS for $1.50 credit for Feb 19 since NVDA finally broke out a bit and the 3D squeeze was looking better. Tapped POC at $540 and then bounced off the $531 / 21EMA level. Sold the puts here for the pre-earnings run with earnings coming up at Feb 11. NVDA chips have been in short supply and demand should be huge with semis as most are reporting a heavy increase in demand.
Wednesday Feb 3 - PUT CREDIT SPREAD / NAKED CALLS
NVDA looked really strong pre-market and had a 30m cloud to break through. Played the breakout zone to zone from $551.46, locked 70% at $554.99 for 3.8 to 6 and the rest at $4.7 when we started to fail again. Should have held as there was another push with HOD at $557.27
Really like this reversal here so sold more puts at the $530/525 level at $1.45 credit (3:1 R/R). Betting it won't dip below the 21 EMA which is now Friday 1/29 HOD of $533. Closed this an hour later and took a $300 loss (covered by the NVDA calls - position still up $1.4K) to diversify a bit and put the $ into GOOGL post blow out earnings.
Monday Feb 8
Big day for semis as there was a lot of accumulation in all names. NVDA fired a 4h squeeze and was up 30 pts by 12:30pm EST. I closed this near open at $0.64 or 67% max profit. Could have held for longer to hit 75%-80% by 3 hours into the session, but I have been waiting on this move for a while so happy to lock it up. D squeeze officially fired today too but knowing NVDA - I'm still not convinced as we're approaching tough levels.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-02-02 10:03:02 | FEB19 21 512.5 PUT | buy | $8.750 | long |
2021-02-02 10:03:02 | FEB19 21 517.5 PUT | sell | $10.250 | short |
2021-02-03 09:38:24 | FEB05 21 560 CALL | buy | $3.700 | long |
2021-02-03 09:38:30 | FEB05 21 560 CALL | buy | $3.900 | long |
2021-02-03 09:38:30 | FEB05 21 560 CALL | buy | $3.900 | long |
2021-02-03 09:38:30 | FEB05 21 560 CALL | buy | $3.900 | long |
2021-02-03 09:48:29 | FEB05 21 560 CALL | sell | $6.000 | long |
2021-02-03 09:54:38 | FEB05 21 560 CALL | sell | $4.700 | 0 |
2021-02-03 10:17:16 | FEB19 21 530 PUT | sell | $8.890 | short |
2021-02-03 10:17:16 | FEB19 21 525 PUT | buy | $7.440 | long |
2021-02-03 11:49:17 | FEB19 21 530 PUT | buy | $10.450 | short |
2021-02-03 11:49:17 | FEB19 21 525 PUT | sell | $8.800 | long |
2021-02-03 11:49:17 | FEB19 21 530 PUT | buy | $10.450 | short |
2021-02-03 11:49:17 | FEB19 21 525 PUT | sell | $8.800 | long |
2021-02-03 11:49:30 | FEB19 21 530 PUT | buy | $10.450 | short |
2021-02-03 11:49:30 | FEB19 21 525 PUT | sell | $8.800 | long |
2021-02-03 11:49:30 | FEB19 21 530 PUT | buy | $10.460 | 0 |
2021-02-03 11:49:30 | FEB19 21 525 PUT | sell | $8.800 | 0 |
2021-02-08 09:34:08 | FEB19 21 512.5 PUT | sell | $2.230 | 0 |
2021-02-08 09:34:08 | FEB19 21 517.5 PUT | buy | $2.870 | 0 |
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