Tag Archives: options

Did You Buy ‘NVDA’ During Yesterday Morning’s Brief Dip? {Smile}

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by Anura Guruge
on March 20, 2024

Click to ENLARGE. From my ‘Fidelity’ account.

You, obviously, should have. SMILE.

Did YOU (really) think that NVDA will go down RIGHT in midst of their ‘Developer Conference’ when they were making all sorts of groundbreaking announcements?

As you can see I have been ADDING to my NVDA stake ALL year. I had to (alas) sell some NVDA in mid-February due to an call option play. I had owned that tranche of NVDA for over 8 years. So, it wasn’t too painful to let them go. I just had to build BACK my position. And I have been doing that. I have NVDA in three accounts — my main, my (SEP-)IRA and in my youngest daughters account. She has made out like a bandit.

I have been in SEMIS for over 12-years — with NVDA my bedrock holding.

I have been ramping up on SEMIs over the last 12 months. I am doing OK.

SMILE.

I like SEMIs. I started buying NVDA years ago because I was a big fan of their video cards & had been using them for over 22 years.

Buy SEMIs (though it is kind of getting late).

‘ARM’ Stock — My Bullishness From Day 1 Gets A Huge Shot In The Arm. {Smile}

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by Anura Guruge
on February 7, 2024

Click to ENLARGE. From ‘MarketWatch.com‘, of course (where else).

I was BULLISH on ARM from the start. I was familiar with ARM. I knew it would do well.

I did NOT believe the naysayers — including ‘Jim Cramer‘. I know the SEMI business. I have been in SEMIs for 12+ years. SMILE.

I buy SEMIs whenever I can. I bought semis last week, & earlier this week, ON THE DIP. SMILE. I LOVE SEMIs. SMILE.

I told YOU folks to BUY ARM. So don’t blame me. Here is my PROOF that I told YOU to buy ARM.

Click image to access September 2023 post.

In late September I spoke with a Financial Advisor — socially. He had never heard of ARM. That is why I avoid Financial Advisors. AMILE.

Today I Wrote ‘NVDA’ $700 & ‘ARM’ $110 Option Calls To Go With A Bunch Of ‘AMZN’ $230 Calls I Have.

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by Anura Guruge
on January 19, 2024

Click to ENLARGE.

I am BULLISH on these stocks. I was a BELIEVER in ARM from DAY ONE. Bought ARM as soon as the price got to around $51, i.e., the IPO price. So, IF I hot the $100 — & I most likely will continue to ROLL FORWARD as is my wont — I would have doubled my investment. SMILE.

I told YOU folks to BUY ARM. So don’t blame me. Here is my PROOF.

Click image to access September 2023 post.

I know semiconductor stock. SMILE.

I say that as someone who has owned NVDA for a very long time & AVGO, off and on, for nearly as long. I currently also own AVGO.

For years people told me I was CRAZY. That I am. Said I was not diversified. All in tech. I used to say, that is ALL I KNOW. I know tech. I understand tech. So, I am buying and staying with tech. SMILE.

In late September I spoke with a Financial Advisor — socially. He had never heard of ARM. That is why I avoid Financial Advisors. AMILE.

It Was A Good Day To Own ‘Broadcom’ (AVGO) — Most Likely Stock To Split In 2024.

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by Anura Guruge
on December 4, 2023

Click to ENLARGE. Base image from ‘marketwatch.com‘.

I like semis. Always. I understand semis. I only invest in stocks I understand.

I first bought Broadcom nearly a decade ago. Had a GREAT ride with them. They pay very handsome dividends. Then I had to (alas) SELL because I had become too greedy with my option calls. I wasn’t that upset. I had had a lovely run.

I then went for about 2-years without owning any. They were, of course, a tad expensive.

But, I missed owning AVGO & I knew they will continue to do well.

So, last year I started buying AVGO again. SMILE.

As some of you know, I (& my kids) have owned NVDA for AGES. SMILE. We have done OK with NVDA.

I now have, in terms of semis, NVDA, AVGO, ARM & AMD. Smile. I am comfortable with that position.

I Wrote A $600 ‘NVIDIA’ (NVDA) Option Today!

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by Anura Guruge
on October 16, 2023

Click to ENLARGE. From ‘Fidelity.com‘.

SMILE. Couldn’t lose. SMILE. Got a nice premium today.

IF NVDA shoots up after earnings I am still good. Plenty of runway left.

IF it slumps, I roll it back & make more money.

I am NOT new into NVDA like so many others. I have owned NVDA for many, many years. SMILE.

I Sold SOME AMAZON (AMZN) @ $118.15 Today — After Hours, & That Was The 1st Time I Have Ever Traded After Hours!

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by Anura Guruge
on April 27, 2023

Click to ENLARGE. Chart, of course, from ‘MarketWatch.com‘.

My luck in life, never great, is not, alas, even what it used to be in the past. More & more I appear to have got the Reverse Midas Touch. My investments never pan out like I was hoping.

Today was a RARE exception.

Big DAY for I. AMZN results, & those that follow this Blog know that I own quite a number of shares {SMILE} & my lifestyle is contingent on those stocks.

This morning, sharp at 9:30am (delaying my morning amble by 30 minutes) I rolled quite a FEW of my CALL options to even withstand a 20% increase in price IF the results proved to be exceptional.

Then at 4pm, having an EARLY lunch for a change I watched the results come in. Saw AMZN spike to $117.

I had been PLANNING to sell a FEW (& I stress FEW) stray shares I had — which were not covered by options. Kind of had a feeling that the $117 might not be there tomorrow. Plus, I was not going to be around tomorrow morning.

So, decided to do my sale after hours (‘extended hours’ as Fidelity calls it).

I, however, didn’t KNOW how to do it!

I had never traded after hours or before hours. I am old fashioned when it comes to trading. So, I had to CALL Fidelity to ask HOW. They, of course, helped me out.

I sold some. Had to be a LIMIT ORDER. I specified $117.

I got $118.15.

Well a BIT of luck.

I will also do OK with the options. I can now roll them down & back. SMILE.

Well, even au unlucky bugger like I deserves a rare break. SMILE. I am happy.

I Am Sorry To Hear That ‘The Mirage’, My Favorite Hotel On The Las Vegas Strip, Will Cease To Be.

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by Anura Guruge
on July 18, 2022

Click image to access the original post.
Click to ENLARGE. A white tiger from ‘The Mirage’. I should have MORE. Can’t find them.
Click to ENLARGE and read here. Wikipedia link.

Other than when it comes to stock & option trading, I DO NOT GAMBLE. I kind of joke that I gamble enough on the stock market to preclude any need for any additional wagering. As such, it took me quite a bit of time to warm to Vegas. But then I had to start going to Vegas, at least twice a year, for multiple days at a time, to do seminars at various networking tradeshows — doing seminars a major part of my professional repertoire. I got a liking for the Vegas shows & dining. I even started going there on family vacations.

Click to ENLARGE. Us near ‘The Mirage’ in 2012. (It is behind the fountain.)

My primary reason for picking ‘The Mirage’ was the ‘Siegfried & Roy‘ white tigers that were on display at the hotel. I have a thing about tigers. I loved those tigers. I would go spend a lot of time watching them. I, however, never went to a show. I DO NOT like seeing Big Cats perform.

I have probably stayed at The Mirage about 8 times. Yes, I have stayed at many other Vegas hotels too. There are stories about me & Vegas hotels. But, we won’t go into those now.

Anywho, I am sad to hear that The Mirage might cease to be.

But, there was some good news that went with it. The new owners are a Native American group. I am happy about that. I am all for Native American enterprise, initiative & success.

Google (GOOG) Options, Post-Split, Are NOW Repriced (After Market Close) & Will Start Trading Tuesday, July 19, 2022.

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by Anura Guruge
on July 18, 2022

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Click to ENLARGE. From ‘Fidelity‘.
Click to ENLARGE. This was the ‘0.00’ pricing until markets closed on Monday, 7/18/2022.

I was not surprised since this was also what happened post AMZN split in June — option trading had to wait until Tuesday. So, ditto GOOG. I had told you that this will most likely be the case. Anywho, the options are now repriced, if not activates. You can see they grayed out. They look good. I can’t wait.

I already trade AMZN, TSLA, NVDA, ROKU, AAPL, NIO, JD, PLUG etc. etc. options. Now I can add GOOG to this august list. SMILE. My addiction. Option trading makes me happy.

So, here is to tomorrow. Let GOOG, post-split, option trading begin. Enjoy.

The NEW Post-Split Google (GOOG) Shares Are Already In My Account, Priced At $112.767; Options NOT Repriced As Yet.

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by Anura Guruge
on July 16, 2022

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Click to ENLARGE. From one of my accounts at ‘Fidelity‘.
Click to ENLARGE. From ‘Fidelity’.
Click to ENLARGE. Underlying chart (as ever) from ‘marketwatch.com‘.

No surprises. Exactly as I had expected — & to be fair we already had a preview of the process with the Amazon (AMZN) split in June. So I knew what to expect — & it was also interesting that unlike with the AMZN split Fidelity didn’t bother to send me an e-mail with a schedule of what will happen re. the stock & options, following the SPLIT-DAY market close.

I nailed the new, post-split price BUT that is nothing to gloat about. It was going to be 1/20th of yesterday’s (i.e., July 15th) market close price. So, $112.77 (rounded up to 2-decimal points).

Here is something WILD. I included the AMZN share price (above) so you can see the two prices side-by-side. They are ONLY 78 cents apart. AMZN costs 78 cents more than GOOG. Wow.

On November 14, 2021, (using post split prices in BOTH cases) AMZN was $184, GOOG was $150. A $34 dollar gap. This is now down to $0.78! AMZN has gone down a LOT, much more than has GOOG.

‘Amazon’ (AMZN) Weekly Options Should Start Getting Listed As Of This Coming Week — Per ‘Fidelity’.

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by Anura Guruge
on November 14, 2021

Click to ENLARGE. From ‘Fidelity’.

Well, I was getting concerned. I am running out of runway. We are only about 5 weeks away from January 2022.

I like weekly options. I TRY (& ‘try’ really is the key) to maintain three sets of AMZN covered calls; one weekly, one mid-term & the other long. Yes, it is always a temptation to skip weekly & jump at least a month ahead & collect a larger premium. With AMZN that can backfire since the stock can go up $100 in a couple of hours — as it did last week. With my mid- & long-term I am out $600 or more. I wrote my first $4,000 AMZN option last June! I most likely will write a $5,000 option by February 2022.

Anywho, on Friday, I had a few minutes to spare & I called up my wonderful ‘Active Trader Support Team‘ at ‘Fidelity‘. The Rep. I got did not know the answer right away. He had to check with the (famous) ‘Back Office’. After a few minutes he came back & said that they think the options will start listing as of ‘next’ week (i.e., this coming week). That was worth knowing. Even if it isn’t this week per se, it will be SOON. Per my Rep. they typically appear around 5-weeks out. OK?

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