3/8 NVDA call Strike 890
How dumb am I if I buy a NVDA call for 13.50 with an expiration of 3/8 and a strike price of 890 rn ? I have a little bit of money I can afford to take a risk just wondering what’s the risk to reward ratio in someone else’s opinion. $NVIDIA(NVDA.US$ $Advanced Micro Devices(AMD.US$
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Moorepower : Hmm this is abit dangerous in my opinion. Short term calls are almost equivalent to gambling unless there’s strong technical evidence for the trade. A better strategy may be selling option puts which are deep out of the money. Nonetheless, Nvidia as a stock has been on a fanatical bull run and could very well hit the 903.5 u need for a net profit. Just an opinion and this should not be taken to be financial advice. Hope this helps :)
Andre88888888 : Big no no when time is not your friend, 1 day to expiration can easily kill the option. Been there, done that xD
iamiam : that is not the risk reward ratio you want to take. unless you bought it and sold it in a few minutes. but judging by your risk reward question that would not be advised. that money is much better spent on a longer dated spread, if you must buy a stock like this on a crazy heater.
Restoration : Dream on la. 13.05 was yesterday’s close. Today you need to fork out probably 3k plus. Then your break even require NVDA to run to 930