Bought 25 NVDA $225C 9/30 at $2.88, about $7.2k total.
The play is a short-term sympathy run into MU earnings next week. My thinking is that if MU gets a pre-earnings run and semis stay strong, NVDA could catch some of that momentum.
I picked the $225 strike because NVDA was trading around $225, so I wanted basically ATM calls rather than going far OTM.
The dumb part: I bought 9/30 by mistake. I actually wanted more time because I don’t want theta eating me alive while waiting for the setup.
Plan is to see what NVDA does Monday. If I get the move I’m looking for, I’ll close these and move into the expiration I originally wanted. If the setup breaks, I’m not planning to sit around praying until expiration.
Until then, part of my risk management is basically hoping Trump stays the fuck away from social media this weekend.