One curious play is NVDY. They make money trading options around NVDA.
Most such schemes do not look appealing - they’re boring, and end up losing money. The thing about this one is that, historically, NVDA has been so strong, that NVDY sometimes, actually, trends up - despite a hyper fat 80% dividend, paid monthly.
Long term, it’s in a down trend. But, since last April, it managed to keep grinding up.
I do TA of NVDA - and play the other one accordingly. When NVDA breaks out and resumes its uptrend - I buy. If it breaks support - I sell, at least most of it. It’s risky - but, you get paid every month.
Same as BITO - which shows a total return which is a little lower, but comparable to simply owning BTC. Of course, it’s best to hold it during bullish periods… to minimize pain.
Often, something as simple as ma crossovers (I try to stick to weekly) can give very decent awareness of the trend. With a discretionary “judgement” component playing a role, of course… g/ng |
