NVDA: rolled my expiring NVDA covered calls by another 2 weeks.
As it happened, NVDA trades above $135 which was my strike. Not ready to get assigned ahead of earnings, decided to roll ahead of time with higher strike at $140.
NVDA did close below $135 after the market continue to weaken, but then, it was a proper risk management to not rely of luck for the trade to expire worthless so this trade was already planned.
| Side | Price | Realized P&L |
|---|---|---|
| Credit Close | -3.40 | -- Closed |
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So I rolled the sell call forward by 2 weeks and to higher strike at $140 and still collect credit of $3.4 due to its higher volatility ahead of earnings.