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Started By
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NVDA puts, this is the way. Or maybe just laugh at me on Thursday.
Posted on 5/23/22 at 12:14 pm
Posted on 5/23/22 at 12:14 pm
I think NVDA has been flat out lying about what % of their GPU revenue has been coming from crypto, I think they'll finally get exposed this quarter.
Or i'm giving ZJ's in the parking lot :(
Or i'm giving ZJ's in the parking lot :(
Posted on 5/23/22 at 1:58 pm to j1897
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?
This post was edited on 5/23/22 at 2:00 pm
Posted on 5/23/22 at 2:20 pm to AMS
Mining is dying, and eth2 will completely crush it. Based on GPU prices i suspect the big miners are no longer buying up all the gpu stock.
Posted on 5/23/22 at 2:24 pm to j1897
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
Posted on 5/23/22 at 3:15 pm to AMS
Based on gut feel alone, I'll say they'll probably print for you, of course depending on your strike.
Posted on 5/23/22 at 3:24 pm to AMS
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?
Posted on 5/23/22 at 4:12 pm to j1897
The $5M fine they quietly paid to the SEC definitely arouses suspicion. And that was over 2018 disclosures.
This post was edited on 5/23/22 at 4:14 pm
Posted on 5/23/22 at 4:30 pm to Samso
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
Watch me be completely wrong lol
This post was edited on 5/23/22 at 4:31 pm
Posted on 5/23/22 at 4:50 pm to j1897
I’ll do it bruh when is earnings
Posted on 5/23/22 at 5:51 pm to j1897
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
Posted on 5/23/22 at 6:02 pm to rocksteady
quote:
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
OP is about to get killed by IV
Posted on 5/23/22 at 7:12 pm to Triple Bogey
$150 may 27th running 137% IV, and will prolly go up tomorrow...I think its a bad ER also, but as stated above...IV is gonna kill those potential earnings.
Posted on 5/23/22 at 10:07 pm to GeauxMariners
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.
They are put verticals though, i don't do single leg options.
Posted on 5/24/22 at 9:12 am to j1897
Puts looking good today sir. I personally would peace out, but you do your thing
Posted on 5/24/22 at 12:22 pm to rocksteady
Current quarter revenue and profit has taken a back seat to forward looking guidance. Are we expecting a revision downward from NVDA?
Posted on 5/24/22 at 6:54 pm to j1897
quote:
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.
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.
Posted on 5/25/22 at 12:34 am to j1897
quote:
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?
there's at least 2 dozen other coins that are profitable, its easy to check on whattomine without spitting fiction that nothing other than eth is profitable to mine.
plus eth2 may continue being delay, or (less likely) just be a dud outright and 'revert' to PoW. its just a bear market and mining will take a temporary hit, but it wont die. plus there is still a robust and growing gaming industry. there will always be demand for GPUs from gamers and miners alike.
Posted on 5/25/22 at 4:58 am to j1897
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.
Posted on 5/25/22 at 3:30 pm to McCorkleJonesGOAT
quote:
Lmk when ETH is worth more than a 10th of BTC.
You can't mine BTC with gpu's.
As of right now, my vacay to napa is paid for. Lets see if it sticks.
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