I took profits.

music selection:  “She’s Waiting” — Eric Clapton

On 18MAY2020, I opened a bull call spread on NVDA.  I paid 3.20 a share.  With earnings out tomorrow, I re-evaluated.  I had 3.5% downside protection left in the trade but the implied move based on the “Greeks” was about 8%.  I decided a bird in the hand was worth two in the bush.  I sold for 3.60 a share.  I collected 40 dollars of profit on 320 at risk over 3 days.  That comes out to 1,521% annualized.

Devour your prey raptors!

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Close NVDA spread early

Never miss another opportunity to devour prey!

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