NVDA puts, this is the way. Or maybe just laugh at me on Thursday.

Puts because they sell shitloads of GPUs (and will continue selling shitloads bc mining isn't going to die)? Didn't they already settle with the SEC for this?

The merge will cause temporary distress though, but no mining isn't going to die. People will just find different shite to mine, I suspect etc will be a big part of that. Plenty of other coins too

Nothing else is profitable, that isn't how it works. These shite coins need to have billions added to their market cap, where would this come from?

They claimed 24m in revenue for q4 2021. You can google around and find 24m in individual shipments directly to miners. They definitely counting that as gaming revenue, when they knew it wasn't.


Watch me be completely wrong lol

I’ve been riding short term nvidia options up and down for weeks with the $20 swings. If I was forced to choose I’d probably go with puts, might stay out this week though. Everyone thinks it’s moving big one way or another for earnings? It gets pinned down and they gobble up all the premiums

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I’ve been riding short term nvidia options up and down for weeks with the $20 swings. If I was forced to choose I’d probably go with puts, might stay out this week though. Everyone thinks it’s moving big one way or another for earnings? It gets pinned down and they gobble up all the premiums

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OP is about to get killed by IV

Why do you care about IV with 2 days to expire? They either ITM or not, it's an all or nothing bet.

They are put verticals though, i don't do single leg options.

Current quarter revenue and profit has taken a back seat to forward looking guidance. Are we expecting a revision downward from NVDA?

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Why do you care about IV with 2 days to expire? They either ITM or not, it's an all or nothing bet.

They are put verticals though, i don't do single leg options.

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I believe what he’s referring to is the phenomenon commonly known as “IV crush”. Implied volatility in equity options tends to collapse immediately after an earnings announcement. Right now the IV for NVDA for May 27 expiration is 80.39% and in the 83rd percentile. High on both counts. Some sort of extreme market action could keep it that high. But typically you’d see it fall off by a good bit the day after earnings are announced tomorrow afternoon.

You mentioned that you have a long put vertical trade. So right now your long put has some IV juice and so does your short put. You have a max profit if it dives through both your strikes, though you’d need to buy and sell to close prior to expiration to capture it. But up until any sort of IV crush happens, your long put vertical could be trading for more than that max profit spread - just depends on where and when you bought.

Depending on what your debit is, sounds to me like you have a good trade on your hands. Congrats.

Enjoy your zjays, mining isn't going anywhere, despite ETH switching to POS. Lmk when ETH is worth more than a 10th of BTC. Also GPU are used for far more than mining.