Sell Put Option on Nvidia as a Wheel Strategy Trade Call

2 months ago

Host

"So, let's go ahead and sell a put option on Nvidia. I'm going to go for the December traditional expiration. December 19 is the traditional expiry date. It's the third Friday of the month. So, I'm going to open up a position, actually execute on this. So, let's see. Nvidia is at 192. Again, the moving average is 184. So, I'm going to go ahead and sell the 184 strike price and expand this option right here."

The speaker explicitly recommends initiating a wheel strategy on Nvidia by selling a put option at a 184 strike price with a December expiration. The rationale is to generate income through premium collection and potentially secure an assignment at a favorable entry point, leveraging Nvidia's strong market position and momentum.

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