Our NVIDIA (NVDA) spread is trading near breakeven. I am recommending we close it now at a small profit rather than risk holding through the Federal Reserve announcement.
Current Stock Price: $196.86
Cash in Hand: $0.42
- Buy to close the NVDA May Week One (5/6) 175 Put for around $0.82
- Sell to close the NVDA May Week One (5/6) 170 Put for around $0.45
- Set initial debit limit at $0.37, but adjust as needed to close today
Profit: $0.05, or $5 per spread