Made $100k One Day NVDA Putzzzzz.
Posted: Apr 21, 2024
- Redditor purchased NVDA put options on 3/19 with 20 contracts at $800 strike price in 401k account for $1173, sold for $57,515 - Also had 10 contracts of NVDA put options at $840 strike price in Roth account purchased for $8306, sold for $46,800 - Regrets not closing out earlier but felt strongly about potential drop in stock - Had additional put options at $750 and $700 strike prices - Fidelity will close out in-the-money options if unable to cover them - Gained $100k in profits in one day from both accounts
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