NVDA reaches its near term top. Short

May 13, 2017

NVDA surged an impressive 25% over the past week. Even though the momentum is strong there will be some profit taking in place. The short strategy that I will adapt this time is bear call spreads, expiry in may 26, or Jun 2 17
SC - 135
LC - 140
Net credit = 0.45 per contract[symbol="HTTPS://WWW.TRADINGVIEW.COM/X/XVEIBZPE

May 16, 2017

Note

if NVDA is able to rush up to 140, i will close the current position and move to the further strikes to compensate the lost that will incur if this actually happens.

May 17, 2017

Note

NVDA corrects as the dow, nasdaq, and s&P are all correcting because of "trump"
according to the news. However, I believe the true reason behind this sell off is it simply stay there trading flat for a while and when there are uncertainties people will rush to safe haven. That's just it. Nothing else.