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!