Trade Call: Selling Nvidia $195 Put for Discounted Entry

3 months ago

"Now, the big trade that I did make was I did sell an Nvidia $195 put option. Nvidia has been on an absolute tear. Like it's over $5 trillion. It's obviously like the biggest company in the world, and I want to own it, but I don't feel super comfortable in buying Nvidia at like $210 per share, right? That's where it's sitting right now, and that's why I ended up selling a put because you know what I'm trying to show with this 100K portfolio is that you can ease into positions instead of jumping in all at once."

The speaker describes selling a $195 put option on Nvidia as a strategic move to potentially acquire the stock at a discount, noting concerns about the current high price and a preference for a cautious entry.

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