[Closing Put Position on NVIDIA (NVDA)]
Dear Member:
NVIDIA (NVDA) has stopped at a previous support and looks as though it may be making a double bottom. I have a good profit in my Sept 27.50 puts (UVAUY) so I am placing an order to sell to close the Sept 27.50 puts (UVAUY) at a limit of $2.60 for the day. If filled, that will result in a before commission return of almost 21% in less than a week.
DISCLOSURE: At the time of publication, I own the Sept 27.50 puts on NVDA.
Sincerely,
Bill Kraft
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