March 12, 2024 Trade Log
Today I sold an Nvidia April Short Put Spread for $474.00.
$474.00 Credit Today
Today I sold an Nvidia (NVDA) April Short Put Spread. Here’s the trade:
Sell To Open | NVDA | Qty: 2 | Short Put Spread | Expires: Apr 19, 2024 | Buy: $870 / Sell: $875 | Net Price: $2.37 | Credit: $474 | Close Target: 10¢ | Profit Target: $464
The Bet: I believe NVDA will be at or above $875 on April 19th.
I like this trade because of the strong bull run the stock has been on. I believe this run will continue into April as the fruits of the company's AI advantages continue to pay-off.
NVDA closed today at $919.13.