[Rolling Nvidia (NVDA) Calls Down]
Dear Member:
As you will recall, I have a 37.50/40 bearish call spread on Nvidia (NVDA) which is the result of one adjustment. NVDA is showing more signs of weakness, so I am going to roll down my 37.50 calls to 35 in order to bring in more income and reduce risk. I am placing an order to simultaneously make the following trades: Buy to close the Jan 37.50 calls (UVAAU) and sell to open the Jan 35 calls (UVAAG) for a net credit (before commissions) of $0.35.
DISCLOSURE: At the time of publication, I am short the Jan 37.50 calls and long the Jan 40 calls on NVDA.
Sincerely,
Bill Kraft
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