Trades Expiring In April
I have these two trades set to expire on April 19th. Here’s how they are doing...
I have these two trades set to expire on April 19th:
March 5th
Sell To Open | AAPL | Qty: 2 | Short Put Spread | Expires: Apr 19, 2024 | Buy: $165 / Sell: $170 | Net Price: $1.84 | Credit: $368 | Close Target: 10¢ | Profit Target: $358
March 11th
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 Apple (AAPL) Trade
The Apple trade is not looking good. Apple closed down today at $168.84. And all indicators point to a deeper decline in the immediate future.
A look at a recent 5-day chart shows a resistance level at $168.57. Tomorrow morning I will watch for signs of that holding.
The Nvidia (NVDA) Trade
The Nvidia trade is looking good. Nvidia closed today at $894.52. Generally on track to be above $875 at expiration on April 19th. The stock hit a $877.70 resistance level today and moved up. That said, Nvidia has wide price swings. I will be watching for exit points.