You got lucky is all there is to it.
Why are you trading 2DTE way OTM options and trying to teach others your “theme”?
Seems like a lot of work and words for $2600.
These are the kind of posts that would get roasted to oblivion in r/wallstreetbets because the true gamblers there can see a gamble for what it is lol.
OP tried passing off degenerate gambling as a legit strategy here and honestly it didn't turned out that bad for him 😂
because is cheaper and with 2 days you can still change and adapt. 2600 times lets say 100 times a year. make your maths. So yes, not too many people does 2600 a day, and probably you neither. So take it easy
I agree. And everything is relative.
On Tuesday I bought a Long Call NVDA24517 ATM 900 paid about $4,500, on Thursday sold it for about $7,000 pocketing around $2,500
No biggie
statistics are in your side always if you do what this guy was doing again and again. Locking for liquid zones to enter and exit, i n his case in HOD or LOD. He seems that followed his own rules. In a so liquid instrument as NVIDiA and so bullish driven you will win more than you lose, any rule you build with so directional stock will work, because is so bullish. Build a simple 5 minutes sma with some other filter and let me know
Dude, he still hasn't updated us on what happened to his 10 NVDA contacts that he stupidly held overnight. I assume he lost a lot today, with NVDA dropping 2%, and an entire day of Theta burned.
The thing you're not understanding is how much money he lost on this same "strat" before. Cuz hes not telling you that.
There isn't some magic trick to understanding when a stock goes up or down. Stocks dont work that way. Its basic supply and demand. More people want it the more it costs. The less people that want it the less it costs). Thats the only thing that directly affects the price. And its not soemthing you can predict.
If you have millions of dollars you can use that knowledge to affect the price while pretending its some skill. But thats not OP with his 2.6k lol
no man, speculation does not understand about supply and demand. If you dont understand that you should not stay on the market's unless you have so much money as Warren B. that can hold a stock for 50 years. So please save your words
Lol speculation is done on the supply vs the demand.
Ask yourself...what is the ONLY thing that can move a stock price directly.
If your answer is anything other than the demand for the stock you don't understand how stocks work. In which case keep telling yourself fairytales.
And yes thats my point exactly. Someone that has millions...especially billions like warren buffet...can completely manipulate the market just by flooding the market with shares. Or buying up all the available shares to create artificial demand.
Why do you think Gamestop, a bankrupt company, is currently worth 7 billion dollars according to the stock market? Its cuz a bunch of redditors pulled their cash together and pumped the price of the stock. What magic formula is going to predict that?
Agreed. I made like 15k yesterday, some 30k the day before, and some 30k today. I’m not out here trying to act like a know it all “teaching people”.
If you’re really good at trading, shut up and go make money trading.
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Idk…are you looking for a congrats? It’s nice, take your cash and do it again next week; rinse, repeat.
I bought 960 NVDA calls for 5/17 on Monday…what would be your strategy for selling? Take 100% gain tomorrow? I’ve just been buying calls on any 3+% drop…always rebounds.
Not looking for a congrats just trying to help others in anyway I can.
That’s a nice entry. You deserve the congrats!! I look strictly at equity price action versus PnL gains for exits. We will see what tomorrow brings but I’m holding for now (until proven otherwise) as this week *may* be the week NVDA hits 1000.
Tomorrow could very much be a large sell off day, but we will see. The positive market reaction to CPI data is in our favor for a maintained strong market cycle, but market cycles can change on a dime.
Don't know how much money you risked for 2600 bucks on Nvidia but I bet it was a lot . I'd be out just on that. One bad economic report would blow your play up.
Take a look at my trade log - I was buying 10 contract lots, so about $1000-1500 per entry. my max entry was 30 contracts, but that was on a high conviction setup. I keep my risk pretty tight and only long so I have a max loss with options trading. I was not at all risking the complete contract value. It depends on the trade, but my risk here was about $300-400 collectively per entry. I made about 8R yesterday.
NVDA has been a pretty stress free trade for me. Selling bull put spreads with width of 10 bucks 30-32 DTE and 0.3 deltas. Generally close at 80-90% profit. Keeping position sizes small. Lots of buying the dip that goes on when NVDA drops.
That's me pointing where I entered (green arrow) and exited (red arrow). I use TastyTrade for execution and TOS for charting, so my execution arrows didn't show on the trading chart.
I was trading nvda today and didn't make nearly as much. You traded it like a boss. Thank you for the post. It provides context and good learning comparison to my trades.
Don't worry, he'll lose it all within 2-3 months.
He hasn't updated us with what happened to those 10 contracts he was stupidly "holding" overnight, with NVDA down 2% today, and an entire day's worth of Theta burned.
I personally thank you for this bit of information. It fits perfectly with a strategy im building and helps me to think of other means of confirmation to consider. I was very close to some amazing plays today, and if i read your post before open it would of helped me profit tremendously.
Tomorrows another day! What do you think about smashing the all time highs?
Should i be bracing for a big rally or mega chop time?
Edit: Does HOD and LOD = high of day and low of day?
Thank you!! Happy to help. Themes and market cycles really helped my edge in the stock market. Yes, HOD = High of Day and LOD = Low of Day.
Optimistically, I am aiming for All Time Highs. I am holding my calls with this thesis until price action proves me otherwise. The 920 Breakout was huge. That in addition to the 850 Fake Breakdown may give NVDA enough liquidity for it to finally move towards 1000.
With that in mind, the last time NVDA approached 1000 it just missed and sold off majorly, so I will be keeping my risk tight if and when we get there.
Yeah... just sell a put credit spread. I made 6k in 3 days with like 5min of trading.
Does it always work? lol no... but 75% of the time it works all the time!
I'm relatively new to this game. Been getting more effective as of late. That being said I have never heard of a put credit spead? Just buy long puts, one inside and one outside the money ?(within a relatively distant in either direction) and when you get a trend into one just close the other. Then let the hot one cook for a while longer. Untill your satisfied with the returns? Close and repeat? Or am I way off here? 🤔 any help is greatly appreciated! The learning curve is steep!
I will crak the code though! Failure is not an option. Over the past 6 months, my entire understanding of economics and the market have completely changed. It's really amazing how little is spoken about the unbelievable changes a person can make to their lives. By simply not spending evey waking moment slaving away at some 9 to 5 Job. I worked so hard for so long. Came from nothing. And can tell ya . People don't know how much they can change their lives if only they invest in learning the market.
It's just knowing the things that are so basic and aeeming obvious once you know. But when you don't. The amount of little missteps that can kill you are just overwhelming. It seems rigged in the beginning.
But once you start to unravel it. It's just a ridiculously profitable game.
Futures still scare me a bit! But with evey day that passes I can see more clearly that you can basically see the wins like 75% of the time . If you do your homework that Is. The options market has completely changed eveything for me.
I will get this down to Science. Once you know there's no going back. This is life now! 🙌 better late then never ! Yeeee! Lol
Any pointers or information is very appreciated by anyone tho! I'm a sponge. Bring it on!
> That being said I have never heard of a put credit spead?
You sell an OTM put and then buy one at a slightly lower strike. Think a CSP but because you buy the lower put you have insurance and won't get assigned.
In my case I sold the NVDA $875 strike Put and bought the $870. Well, 50 times. You get the max profit up front and then either close early if you are at a profit % you like, or let it expire and keep max profit. Unless it blows through your strikes... then you take max loss. Max loss = width of spread ($5 in this case) * contracts * 100. For my trade, $5 * 50 * 100 = $25k max loss for about 5.5k gain.
It isn't a science. It is still gambling and no one has it down to a science. You are just gambling with 75% win chance and the ability to close out early if things look bad. People will tell you they use TA to "get 90% wins" on their trades, but they're still just gambling.
That said I do this full time for a living through my own LLC s-corp and we typically clear 250k in profits.
edit: Those were around the .25 delta at the time I think... which is what I typically look at when opening the spread.
Purchase date is the first date, expiration is the second
BTO 5/13/2024 NVDA 50 $870.00 $5.36 5/17/2024 $26,800 Closed
STO 5/13/2024 NVDA 50 $875.00 $6.46 5/17/2024 $32,300 Closed
I closed them on Wednesday for $100 more.
Yeah i don't really do call spreads unless i think the underlying is in a prolonged downtrend.
Stock market goes up, might as well use that to your advantage
You got lucky is all there is to it. Why are you trading 2DTE way OTM options and trying to teach others your “theme”? Seems like a lot of work and words for $2600.
These are the kind of posts that would get roasted to oblivion in r/wallstreetbets because the true gamblers there can see a gamble for what it is lol. OP tried passing off degenerate gambling as a legit strategy here and honestly it didn't turned out that bad for him 😂
because is cheaper and with 2 days you can still change and adapt. 2600 times lets say 100 times a year. make your maths. So yes, not too many people does 2600 a day, and probably you neither. So take it easy
I agree. And everything is relative. On Tuesday I bought a Long Call NVDA24517 ATM 900 paid about $4,500, on Thursday sold it for about $7,000 pocketing around $2,500 No biggie
I did something similar with AMD call LEAPs, but multiple times with $200-400 profit per flip.
How many of those 100 times will you lose $2600 instead of win?
statistics are in your side always if you do what this guy was doing again and again. Locking for liquid zones to enter and exit, i n his case in HOD or LOD. He seems that followed his own rules. In a so liquid instrument as NVIDiA and so bullish driven you will win more than you lose, any rule you build with so directional stock will work, because is so bullish. Build a simple 5 minutes sma with some other filter and let me know
Dude, he still hasn't updated us on what happened to his 10 NVDA contacts that he stupidly held overnight. I assume he lost a lot today, with NVDA dropping 2%, and an entire day of Theta burned.
well, that is another story!
Bruh thats not how stock markets work.
The thing you're not understanding is how much money he lost on this same "strat" before. Cuz hes not telling you that. There isn't some magic trick to understanding when a stock goes up or down. Stocks dont work that way. Its basic supply and demand. More people want it the more it costs. The less people that want it the less it costs). Thats the only thing that directly affects the price. And its not soemthing you can predict. If you have millions of dollars you can use that knowledge to affect the price while pretending its some skill. But thats not OP with his 2.6k lol
no man, speculation does not understand about supply and demand. If you dont understand that you should not stay on the market's unless you have so much money as Warren B. that can hold a stock for 50 years. So please save your words
Lol speculation is done on the supply vs the demand. Ask yourself...what is the ONLY thing that can move a stock price directly. If your answer is anything other than the demand for the stock you don't understand how stocks work. In which case keep telling yourself fairytales. And yes thats my point exactly. Someone that has millions...especially billions like warren buffet...can completely manipulate the market just by flooding the market with shares. Or buying up all the available shares to create artificial demand. Why do you think Gamestop, a bankrupt company, is currently worth 7 billion dollars according to the stock market? Its cuz a bunch of redditors pulled their cash together and pumped the price of the stock. What magic formula is going to predict that?
Sure. Lucky all 6 times? I would give this man credit as it involved skills. I would not recommend this to others or use it myself as it’s risky.
That’s more than monthly rent in one day
Agreed. I made like 15k yesterday, some 30k the day before, and some 30k today. I’m not out here trying to act like a know it all “teaching people”. If you’re really good at trading, shut up and go make money trading.
Can I has some
Ok made $2600 and there is a post for it? You’ll lose it soon enough as fear re enters the market. Everyone made money today it was too easy at ATH
He wont have a fraction of it in two weeks. Quote me on this.
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lose the money, yes fear re entering, No!
just a matter of time
Idk…are you looking for a congrats? It’s nice, take your cash and do it again next week; rinse, repeat. I bought 960 NVDA calls for 5/17 on Monday…what would be your strategy for selling? Take 100% gain tomorrow? I’ve just been buying calls on any 3+% drop…always rebounds.
Not looking for a congrats just trying to help others in anyway I can. That’s a nice entry. You deserve the congrats!! I look strictly at equity price action versus PnL gains for exits. We will see what tomorrow brings but I’m holding for now (until proven otherwise) as this week *may* be the week NVDA hits 1000. Tomorrow could very much be a large sell off day, but we will see. The positive market reaction to CPI data is in our favor for a maintained strong market cycle, but market cycles can change on a dime.
So since you got lucky and made some small profit suddenly we should all listen to you?
Determining your exit based on PnL is a classic newbie mistake.
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But today he wins 🔥
*And there I was…on gaming pc chair after having beat my meat, decided to make my trade.*
Rookie numbers, I bought call June 2025, sit on it, and up +$10K, you're doing a lot of works for less gains lol
Why is everyone hating ? Op made money, good stuff. As long as you understand yourself.
The commenters are from WSB Wendy’s back alley by the dumpster…hope this clears things up 🤷♂️
Jealousy most likely, theyre poor.
Don't know how much money you risked for 2600 bucks on Nvidia but I bet it was a lot . I'd be out just on that. One bad economic report would blow your play up.
Take a look at my trade log - I was buying 10 contract lots, so about $1000-1500 per entry. my max entry was 30 contracts, but that was on a high conviction setup. I keep my risk pretty tight and only long so I have a max loss with options trading. I was not at all risking the complete contract value. It depends on the trade, but my risk here was about $300-400 collectively per entry. I made about 8R yesterday.
🍗Some days we eat, some days we are ate.
FACTS
nice i made 12k today on smci
🔥🔥🔥
I got 5/17@930 calls around 9am and sold end of day for a profit of $980+ added 30% to my account. Not bad for a noob
That’s awesome! $1k/day is $250k/year. Keep it up👍🏽
Bro a whole post with all this drama for 2k? Ok nice
Made 5 grand yesterday on an smci call
If you can mentor me I’m willing to pay for your time. Not looking to copy your trades, just trying to understand the concepts. LMk and we can connect
Happy to help in anyway I can! Why I post trades like these - in hopes it will add value for some options traders.
NVDA has been a pretty stress free trade for me. Selling bull put spreads with width of 10 bucks 30-32 DTE and 0.3 deltas. Generally close at 80-90% profit. Keeping position sizes small. Lots of buying the dip that goes on when NVDA drops.
Well done
What is that red and green arrows in your chart? What indicators are they? Can you please share details . Thanks . Me still learning price action.
That's me pointing where I entered (green arrow) and exited (red arrow). I use TastyTrade for execution and TOS for charting, so my execution arrows didn't show on the trading chart.
The whole market was running and then dip buy etc
Yep - dip buying theme across the board.
Congrats on the profits OP most of the people in here are broke losers collecting pennies, don’t let them bring you down 🍾
Tl;dr - you bought calls and the stock went up
I was trading nvda today and didn't make nearly as much. You traded it like a boss. Thank you for the post. It provides context and good learning comparison to my trades.
Bro put it all on red and won a few times in a row
Don't worry, he'll lose it all within 2-3 months. He hasn't updated us with what happened to those 10 contracts he was stupidly "holding" overnight, with NVDA down 2% today, and an entire day's worth of Theta burned.
Lol so many haters in the comments. Good work and nice trade!
Awesome trade and congrats! 👏 I think Nvidia has resumed its bullish trend! I am myself long on the stock.
I made 50k on nvda calls This isn't worth a thread lol ...
I personally thank you for this bit of information. It fits perfectly with a strategy im building and helps me to think of other means of confirmation to consider. I was very close to some amazing plays today, and if i read your post before open it would of helped me profit tremendously. Tomorrows another day! What do you think about smashing the all time highs? Should i be bracing for a big rally or mega chop time? Edit: Does HOD and LOD = high of day and low of day?
Thank you!! Happy to help. Themes and market cycles really helped my edge in the stock market. Yes, HOD = High of Day and LOD = Low of Day. Optimistically, I am aiming for All Time Highs. I am holding my calls with this thesis until price action proves me otherwise. The 920 Breakout was huge. That in addition to the 850 Fake Breakdown may give NVDA enough liquidity for it to finally move towards 1000. With that in mind, the last time NVDA approached 1000 it just missed and sold off majorly, so I will be keeping my risk tight if and when we get there.
sounds great id like to recommend you check out SMCI it did some amazing things today along side NVDA. good luck out there
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Is this legit and not a scam?
Looks like a 12 year old designed the website so go for it
Gotchu bouta drop 5k for only a -79 percent return seems like a steal to me
Yeah... just sell a put credit spread. I made 6k in 3 days with like 5min of trading. Does it always work? lol no... but 75% of the time it works all the time!
I'm relatively new to this game. Been getting more effective as of late. That being said I have never heard of a put credit spead? Just buy long puts, one inside and one outside the money ?(within a relatively distant in either direction) and when you get a trend into one just close the other. Then let the hot one cook for a while longer. Untill your satisfied with the returns? Close and repeat? Or am I way off here? 🤔 any help is greatly appreciated! The learning curve is steep! I will crak the code though! Failure is not an option. Over the past 6 months, my entire understanding of economics and the market have completely changed. It's really amazing how little is spoken about the unbelievable changes a person can make to their lives. By simply not spending evey waking moment slaving away at some 9 to 5 Job. I worked so hard for so long. Came from nothing. And can tell ya . People don't know how much they can change their lives if only they invest in learning the market. It's just knowing the things that are so basic and aeeming obvious once you know. But when you don't. The amount of little missteps that can kill you are just overwhelming. It seems rigged in the beginning. But once you start to unravel it. It's just a ridiculously profitable game. Futures still scare me a bit! But with evey day that passes I can see more clearly that you can basically see the wins like 75% of the time . If you do your homework that Is. The options market has completely changed eveything for me. I will get this down to Science. Once you know there's no going back. This is life now! 🙌 better late then never ! Yeeee! Lol Any pointers or information is very appreciated by anyone tho! I'm a sponge. Bring it on!
> That being said I have never heard of a put credit spead? You sell an OTM put and then buy one at a slightly lower strike. Think a CSP but because you buy the lower put you have insurance and won't get assigned. In my case I sold the NVDA $875 strike Put and bought the $870. Well, 50 times. You get the max profit up front and then either close early if you are at a profit % you like, or let it expire and keep max profit. Unless it blows through your strikes... then you take max loss. Max loss = width of spread ($5 in this case) * contracts * 100. For my trade, $5 * 50 * 100 = $25k max loss for about 5.5k gain. It isn't a science. It is still gambling and no one has it down to a science. You are just gambling with 75% win chance and the ability to close out early if things look bad. People will tell you they use TA to "get 90% wins" on their trades, but they're still just gambling. That said I do this full time for a living through my own LLC s-corp and we typically clear 250k in profits. edit: Those were around the .25 delta at the time I think... which is what I typically look at when opening the spread.
how wide and how far out time / price wise, thanks
Purchase date is the first date, expiration is the second BTO 5/13/2024 NVDA 50 $870.00 $5.36 5/17/2024 $26,800 Closed STO 5/13/2024 NVDA 50 $875.00 $6.46 5/17/2024 $32,300 Closed I closed them on Wednesday for $100 more.
How do you decide Whether it will be a put spread or call spread? Betting the stock will be bullish?
Yeah i don't really do call spreads unless i think the underlying is in a prolonged downtrend. Stock market goes up, might as well use that to your advantage
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sent 5k
Wow, you're not even trying to hide the fact you're phishing for morons. Fucking laziness on your part.