JonnyBoi
JonnyBoi
Options trader using tastytrade mechanics. Enjoys implementing trading tools with Python.
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avatarJonnyBoi
04-18 13:36
avatarJonnyBoi
04-18 13:36
Based on gurufocus valuation, NVDA is currently very undervalued with good financial health. Also good to know that they have some involvement in the quantum space. Would recommend a long term approach to bullish trades on NVDA, volatility in the short term is expected.
No one knows for sure where the market is headed, but now seems like a good time to DCA into stocks that have been previously punished by the market, such as the mag 7 and software stocks. If buying call options, best to choose DTEs that's at least 1 year out in time, personally I'm sticking to 1.5 to 2 years for my higher conviction bets.
$United States Oil Fund LP(USO)$   $Energy Select Sector SPDR Fund(XLE)$   A bit wary of such parabolic move on prices, which typically precedes an eventual plunge.  A bit FOMO though, so I am considering trading some short term long call options to hopefully ride the upside as the conflict continues on. A better trade might involve a put ratio spread, where we sell a 25 delta short put and use thepremium to finance two 10 delta long puts, a convexity play banking on the eventual crash in oil prices if the conflict reaches some form of resolution. I already have some long call contract

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