Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

NVDA 198.57

-4.1%

3:59 PM EST

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To: Sun Tzu who wrote (56445)	8/28/2024 8:02:45 PM
From: Trader J	Read Replies (2) of 56532

Thanks and howdy Sun, good to see your name pop up on the thread. I don't usually hedge my long plays like that into earnings but it does look like this one will pay off, though I'll take a hit on the long shares ... which is fine with me. I chose the $110 level because I see the $105 level as the first good support level from the recent drop. It was a bit of a battleground price. I figured the $110 level was realistic and reachable while not having too much premium. I came very close to choosing the $140 call level for selling but wasn't completely confident it would be reached since I was pegging the 9/20 expiration date. In any event, it will be interesting to see how it plays out. Hope you're doing well.

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