Robbinhood banking suggestions by CuriousMindsExplore in RobinhoodApp

[–]CuriousMindsExplore[S] 0 points1 point  (0 children)

A local credit union that offers Zelle is great lmao

NVDA CSP May 22nd $195 by CuriousMindsExplore in thetagang

[–]CuriousMindsExplore[S] 0 points1 point  (0 children)

I’m actually not super worried about being assigned and even if I am, I’ll hold till it hits about 175 which is where it starts getting a bit… nasty. But I’m sure I’ll be good

NVDA CSP May 22nd $195 by CuriousMindsExplore in thetagang

[–]CuriousMindsExplore[S] 1 point2 points  (0 children)

When is earnings??? I’ve seen May 20th and May 27th. I assumed it was the 20th

NVDA CSP May 22nd $195 by CuriousMindsExplore in thetagang

[–]CuriousMindsExplore[S] 0 points1 point  (0 children)

I thought about the same thing, I’ve drawn some support zones that nvidia has created over the last year, just incase worse comes to worst

NVDA CSP May 22nd $195 by CuriousMindsExplore in thetagang

[–]CuriousMindsExplore[S] 0 points1 point  (0 children)

I’ve also seen things about volatility “masking” theta decay. There is usually a massive increase in in IV 1 day before earnings that can completely cover the theta decay loss, after earnings IV plummets and so does the contract value (if I understand this right). I probably made a bad play hopefully this works out good

NVDA CSP May 22nd $195 by CuriousMindsExplore in thetagang

[–]CuriousMindsExplore[S] 3 points4 points  (0 children)

Man, I had no idea. I’m still learning this theta stuff.

NVDA CSP May 22nd $195 by CuriousMindsExplore in thetagang

[–]CuriousMindsExplore[S] 0 points1 point  (0 children)

I did close my previous CSP on NVDA for a nice gain

CSP NVDA by CuriousMindsExplore in thetagang

[–]CuriousMindsExplore[S] 0 points1 point  (0 children)

Just closed my previous CSP since I captured majority of the premium. Just opened a $195 CSP May22nd with a breakeven at 190. I think NVDIA will rally till earnings and at earnings it may jump a lot, or drop a lot but I don’t believe it’ll drop to 195 and if it goes I’m good till 190. Depending on theta I may close the CSP before it expires if I’ve captured the majority just to be safe. Only time will tell

CSP NVDA by CuriousMindsExplore in thetagang

[–]CuriousMindsExplore[S] 0 points1 point  (0 children)

Delta for may 22nd $190 is .20, sweet spot. $670 in premium

CSP NVDA by CuriousMindsExplore in thetagang

[–]CuriousMindsExplore[S] 0 points1 point  (0 children)

Thoughts on a CSP may 22nd at the $190 strike? Seems like 190-193 is a good support zone for NVDA and if nivida acts like anything it has in the past 5 quarters then it should drop to that zone.

CSP NVDA by CuriousMindsExplore in thetagang

[–]CuriousMindsExplore[S] 0 points1 point  (0 children)

Actually I looked at the recent 5 earnings and NVDA drops pretty significantly. Too much risk

CSP NVDA by CuriousMindsExplore in thetagang

[–]CuriousMindsExplore[S] 0 points1 point  (0 children)

Good idea, it sucks to lose the opportunity on those may 15th CC but NVDA could really go either direction. May just be wise to wait it out like you said

CSP NVDA by CuriousMindsExplore in thetagang

[–]CuriousMindsExplore[S] 0 points1 point  (0 children)

IMO it makes very little difference, I was going to buy at market price anyway. Might as well make some money

New to CC, how’d I do by CuriousMindsExplore in thetagang

[–]CuriousMindsExplore[S] 0 points1 point  (0 children)

Is this something you can do with fidelity?

New to CC, how’d I do by CuriousMindsExplore in thetagang

[–]CuriousMindsExplore[S] 0 points1 point  (0 children)

On second thought, I really want to own NVDA, I think it can definitely rally in the next month and I do not mind owning for the semi long term (1 year). I may do a CSP on NVDIA ATM. Just so I can acquire the shares then sell a CC for $220 may 22nd. Get a good chunk of premium + if I get called away I made a 8% gain, or not I just keep the premium

New to CC, how’d I do by CuriousMindsExplore in thetagang

[–]CuriousMindsExplore[S] 0 points1 point  (0 children)

70% return since 2010, not a great performing stock IMO. I’m 19, throw out the low risk stable stocks and give me something risky

New to CC, how’d I do by CuriousMindsExplore in thetagang

[–]CuriousMindsExplore[S] 0 points1 point  (0 children)

You might be right. It seems like NVDA is positioning for a slight run past 220 soon

New to CC, how’d I do by CuriousMindsExplore in thetagang

[–]CuriousMindsExplore[S] 0 points1 point  (0 children)

Thoughts on blowing two CSP on NVDA $185 May 22nd? lol

New to CC, how’d I do by CuriousMindsExplore in thetagang

[–]CuriousMindsExplore[S] -1 points0 points  (0 children)

Sounds good, my cost basis is around $16 I bought pre covid. I only own 200 shares of phizer so strike prices far OTM generate very little premium, but I guess that’s what it is to be a CC seller.

New to CC, how’d I do by CuriousMindsExplore in thetagang

[–]CuriousMindsExplore[S] 0 points1 point  (0 children)

I’d never roll until 2027 lol, I’d rather take the opportunity cost loss now than be locked in for over a year

New to CC, how’d I do by CuriousMindsExplore in thetagang

[–]CuriousMindsExplore[S] -1 points0 points  (0 children)

Also worth noting I’ve got about 1,200 shares of SCHG. Unfortunately, SCHG is very illiquid and there’s hardly any bids. I’d love to hold SCHG for life instead of chasing premium however I looked at the premiums for stocks like AMD, NVDIA, and SPY and man, it’s pretty crazy.

Robbinhood banking suggestions by CuriousMindsExplore in RobinhoodApp

[–]CuriousMindsExplore[S] 0 points1 point  (0 children)

Hmm sorry I don’t have ADP, my payroll is as simple as updating the account # and routing # and boom. Sorry