As we start the day, I'll be looking to give 3 new trades that ideally will make you some
money before the closing bell. Stocks I'm looking at using include AMZN, BA, BIDU, DIS,
FB, GOOGL, NFLX, TSLA, ....and NVDA. Today's new trades will be one-sided to start
with (selling a call or put spread only), with the expectation that side will expire worthless.
Thus, these new trades will not come till later in the morning.
For those who sold a NVDA double strike iron condor [IC] (e.g., 160/162.50 call spread
and 160/157.50 put spread), this morning looks promising as NVDA looks to open in
the low $160's. I myself sold the 160/160 and the 165/165 iron condors. So, if the stock
opens near your IC common strike, you should wait before closing out whichever side
ends up going ITM by the end of the day. Put another way, once you are sure one side
of your IC will NOT close ITM, then close the other side if you think it could run away
from you. No matter how you do it, you should end up with at least a 5-bagger if not a
10-bagger or more (given that only .15 - .20 of margin was used to open any such IC).