Today (5/13), I chose to close the $NVDA 5/16 expiry, $125 strike price Call options sold before, a total of 19 closed positions, the actual gain of $2,452.45, the limit price of $3.3 transaction.
The reason for selling this group of Calls is based on the following logic:
🔹 NVDA shares are technically blocked in the $125-$126 range, with limited room for short-term gains;
🔹 The IV (implied volatility) was high at the time, and selling the options would have paid a good premium;
🔹 There was also Theta (time value) helping me, and every day that passed was a gain sink.
I chose to close my position today because:
✅ Approaching expiry, the rights have shrunk significantly;
✅ The share price is still around $123 and has not effectively broken through the key pressure;
✅ Not greedy for the last bit of time value, early cash profits, reduce tail risk.
The most important thing in options is never ‘prediction’, but ‘management’:
Manage risk, manage profit, manage greed.
The most important thing is to ‘manage’: to manage risk, to manage profit, to manage greed, to continue to optimise your trading system, to win in a stable way.
