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Not that I like even thinking about stocks. But I wonder if betting against a rise in stock price for NVIDIA is actually worth it right now....
I've seen some predicting 105 eod and at that point you'd be doing pretty well on puts. I just burned my ass on contracts friday though so I'm staying well away from this.
I swear puts make so much sense but who knows in this fucked up casino
Edit: Looks like most of the drop was just in pre-market. But who knows. Could drop some more. I'd say this made a lot of people rich. And even more poorer
Double edit: Unless you bought puts friday I'd say you'll lose your ass on puts today. Looks like a slow burn and I imagine premiums will cut away your profits. But who knows maybe it will dump later today.
All in all a total decimation of the U.S. stock market this is not. But it could be a sign of a bubble soon to pop
I could see Puts on QQQ or other tech heavy ETFs being a good interday trade. IDK what a good Put would look like as a long term hold. Like you said Theta eats away at your value.
Options aren't built for long-term speculation. Maybe futures are the better way to trade this dip?
short term? maybe. long term? probably not. These models still need to run on GPUs even if they're cheaper to run. This could induce demand for more GPUs.
You can never beat the stock market. Individuals always lose compared to financial institutions. If you want a bigger return on your money then in your savings account, buy government bonds. At least you'll be certain you won't lose the little money you have.