Equation founder: Have exited NVIDIA trade, plan to sell $100–110 put options expiring within 180 days
Odaily report: The founder of Equation posted that they previously closed half of their position when NVIDIA (NVDA) stock was around $160.3, while the remaining position was a bet on a rebound after the U.S. market opened; ultimately all positions have been exited with essentially no profit.
They stated that the prior trading logic was that the market was overly pessimistic in pricing Jensen Huang-related events, and that Jensen Huang would not necessarily be removed as a result. The main problem with this trade was that it took too long from receiving a monitoring alert on the phone to actually opening the position, and they are considering automating such operations going forward.
In addition, they disclosed that they recently plan to sell more NVIDIA put options expiring within 180 days with strike prices of $100 to $110.
