Yes it is ! I took the opportinity to average down with my spare cash.
NVDA Wk7 PMCC Updates
Major price action happened this week, with NVDA hitting 183, plunging to 169 and recovering back to 180 levels.
This dip was primarily driven by news of Google's TPU success and Meta's plan to spend billions on them.
Once again, I sold calls on green days when it hit 183 on Monday but took a more conservative approach with for a longer DTE(11) and Higher Strike(200) while sacrificing premium.
The Theta on my LEAPS are only at around 0.034, my premium from selling those calls will cover the Theta decay and my lunch for the next few days.
Did you buy the dip ?
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