三心, 7/18 150 Covered call at $6, not bad

what do you think? Is it worth it? 

Call spread makes more sense to protect the stock in case of big surge 

This limits your capital outlay while profiting if NVDA surges post-earnings.

Buy NVDA $137 Call (ATM)

Sell NVDA $145 Call (OTM)

This creates a $8 wide call spread, capping your upside gain but reducing premium cost.

Add a lower strike put to protect in case NVDA drops sharply post-earnings.

Buy NVDA $130 Put

比如 卖1个 150call， 买入2个160或165的call，这样减低了被”低价“call走的危险性 

Buy 1x $145 Call

Sell 2x $150 Calls

Buy 1x $155 Call

This strategy profits most at $150, and gives you upside exposure beyond your original $145 call spread, while capping loss.

Optional Add-on: Protective Put

If you’re concerned about a post-earnings crash, you can still:

Buy a $130 put to cap downside losses

Cost: adds ~$2.00, but caps your max risk

And NVDA, for whatever reason rise to 149 after earning. At this time, your cc is already underwater.

You can then do a 

buy 1 150 call

sell 2 160 call

buy 1 170 call

This is a butterfly, which hopefully only cost $1.5. 

In this case, if NVDA rise to 160, you will be selling your shares at 160 instead of 150 (basicall extend your original cc by $10). If NVDA rise above 170, then this butterfly does not help at all and you will still be selling your shares at 150. 

But, what is the chance NVDA can go above 170 by July? Not very high....

卡在四浪可以买一下。如果大盘开始冲新高就不能卖了，会被牛顶死...

130 Put is about 2$