Yesterday, one of my bearish positions, SMCI, blasted higher pre-market (red circle). I couldn’t do anything about my options until the open, and mercifully, the stock immediately resumed its fall. I closed PART of my position at a good price (green circle). This morning, since SMCI was the #1 gainer with an enormous lift thanks for them filling out some paperwork on time, I RE-LOADED the full position (purple circle).
I think that worked out well. I reduced risk yesterday and got in at a better price today.
Of course, all life on earth at this point is dependent on the NVDA results in a few hours. Because I am a flaming homosexual Out of an abundance of caution, I have sold all my September NVDA puts at a profit, although, if God is merciful and their stock plunges, I will still benefit by way of my positions in AVGO, AMD, and SMH.
