DailyPlay – Closing Trades (LULU, INTC) Rolling Trade (NVDA) – December 5, 2024

Closing Trades

• LULU – 196% gain: Sell to Close 3 Contracts (or 100% of your Contracts) Dec 6 $302.50/$315 Call Vertical Spreads @ $10.23 Credit. DailyPlay Portfolio:  By Closing all 3 Contracts, we will receive $3,069  We initially opened these 3 Contracts on November 21 @ $3.45 Debit. Our gain on this trade, therefore, is $2,034 which is 2% gain on our total portfolio.

• INTC – 52% loss: Sell to Close 4 Contracts (or 100% of your Contracts) Jan 17, 2025 $21 Calls @ $2.09 Credit. DailyPlay Portfolio:  By Closing all 4 Contracts, we will receive $836  We initially opened these 4 Contracts on November 12 @ $4.35 Debit. Our loss on this trade, therefore, is $904.

NVDA Bullish Rolling Trade

Investment Rationale

On November 26th, 2024 with the stock at $136.02, we executed a Bullish Call Diagonal Spread on NVDA. Today we will adjust this position by closing one leg and opening another leg of this Call Diagonal Spread. Below is the original trade breakdown with the individual legs listed.

• Net Debit of $16.79 
• Buy to Open 1 Contract Jan 17, 2025 $124 Call @ $18.60
• Sell to Open 1 Contract Dec 13, 2024 $148 Call @ $1.81

Trade Details

Strategy Details

Strategy: Adjustment of a bullish Call Diagonal Spread

Direction: Resulting in a new bullish Call Diagonal Spread

Details: Buy to Close 1 Contract Dec 13 $148 Call and Sell to Open 1 Contract Dec 27 $152.50 Call @ a $0.34 net Credit, or $34 per 1×1 roll ($0.34 x 100). The total net Credit received for the single Contract is the $34. This roll establishes a new Call Calendar position in NVDA.

Original Position:

• Buy to Open 1 Contract Jan 17, 2025 $124 Call @ $18.60
• Sell to Open 1 Contract Dec 13, 2024 $148 Call @ $1.81

Resulting Position:

• Long 1 Contract Jan 17, 2025  $124 Call
• Short 1 Contract Dec 27, 2024 $152.50 Call

Adjusting the Trade

Use the following details to Adjust the NVDA trade on your trading platform.

PLEASE NOTE that these prices are based on Wednesday’s closing prices.