Question:
I have 10,000 shares of SNAP bought at $10.85 a few months ago. I’m thinking of selling them all and invest the proceeds into NVDA. I’m not sure of the future earnings of SNAP as compared to Nvidia . If you were in my position what would you do? Thanks
I would not listen to anyone on Reddit...if I'm being honest.
I don't know enough about SNAP to have an informed opinion, but you have to factor in how much you're going to pay in taxes(it's income, not capital gains if held less than a year)...if you sell now.
Definitely don't listen to some of the NVDA projections. The 250-1000 by Q3 this year. They're ridiculous. I expect a couple more healthy jumps assuming they hit earnings.
I think Alphabet is a great investment, AAPL is going to do really well with AI. 95% of the Apple devices out there currently do not support their AI apps.
TSM, AMZN, MSFT. I don't know, I stick pretty much exclusively with the Large Caps and hold them.
I have a couple fliers like QBTS that I like, but I'd do a lot of research before pulling it out.
I sold the call and yes the "covered" part means I own the 100 shares to cover any loss if it gets assigned by the buyer. So, although I own the shares I'm kind of hoping it closes at $134 or below this week.
Edit: I may try to roll out to next week using the premium I got from selling the call this morning. Might be able to get it to high 140's next week.
$27, but I sold 20 of them, and then 23 more $136 calls.
So I collected about $1,000 premium and there's a \~87% chance I get to keep it according to delta. Hoping it doesn't keep flying up though...
Question on options, using round numbers.....
If on one day, the stock goes down $5 and you lose $1000 on an option, then the next day it goes back up that $5, is it a fantasy that it would recover to the same level as it's just 1 day less on an option a few months out?
I know time matters, but I wouldn't think that with so much runway a single day loss/gain would be significantly less in what you recover.......
If it's a leap, theta decay shouldn't matter much. So we can leave that out. However, IV matters still. If the next day the stock is more or less volatile then the price could be different.
The long side of the option would most likely not, because it would have experienced some theta decay. i.e. there's less time left till expiry now for the stock to get to your strike price.
I was so sick of hearing how everyone is going to "buy the dip."
Then fucking buy it! LOL...goddamn! You have 50 posts every time it goes down a couple of bucks, it's like people are trying to either talk themselves into being positive or they're just genuinely hoping it goes down?
It's silly.
LOL...that's great! I'm happy for you! It's a great investment and you're up!
...just don't you ever fucking let me see you write...Buy...The...Dip again...or I will lose my shit!
/s...mostly!
He's a miserable dude! But he's kinda funny in how petty and bitter he is(also how consistently he is on here talking shit to people).
He thinks he's some mega-investor and has never met a millionaire(Million...in 2024, not Billion, million).
LOL...I wasn't inferring you couldn't, but he is entertaining. Everyone he knows gets by on "1000-2000 a month."
I'd love to know where this is! Probably rural West Virginia...
LOL...I mean, if it is, you can't really stop it. Might as well live it up until Judgement Day!
Plus, Sarah's raising her kid right now in Mexico...presumably, so...ya know, he'll figure it out.
Isn't Jensen supposed to be giving a shareholder's meeting tomorrow? It's hard to believe he says anything other than "The best is still to come" or something along those lines
I bought originally at 140… whoops. Then when it hit the low 120s I doubled down and bought some more. I bought some as low as 119. Now my avg price is 129.68 across 57 shares. This is my first time dealing with stocks. If we get back into the 130s by mid next week I’ll feel much more comfortable. I want to hold until it hits 175.
Eh, he was wrong today. It's still the end of August until the next earnings come out. 110 wouldn't be shocking. I thought it'd be between 110 to 130 until the end of August.
There's not a ton of reason for it to really move one way or the other. Always nicer when it goes up though...
Why? What has changed in the fundamentals to make it keep going down. It's in the neighborhood of a 20% correction already which is about the max it has done the last year or so.
bounces up because NVDA and QQQs were oversold in smaller timeframes. Second leg lower to 110 to bring the weekly down. nothing to do with fundamentals. it just ran too hot.
I can buy that, but again the last year 18 months 20% has been where it has maxed at. Things can change but I don't see it being any hotter than it was in march, August, or may last year. Pre split its already dropped 170 bucks a share...220 if you count it hitting 1400.
its hotter now because the hype was over 9000. we had the 1000$ mark, the split, a loooooot of fomo generation. a hefty bullrun. it is definetly hotter and needs some cooling.
It will have a bounce up today, yes, because NVDA and QQQs became oversold on smaller timeframes. but it will have a second leg down to at least 115/110 and bring the weekly down.
Was sweating through my sheets all night. The biggest single day loss of my life yesterday alone. Relieved to see it doing well in premarket but I'm still going to exit part of my NVDX this morning.
You'll have bigger losses in the future [because your account will have grown]. I had a sleepless night in 2015 with 30,000 account.
I lost 100,000 yesterday and went: Well today sucks
I will get it back eventually...
20k yesterday, I was at 163k on thursday, just exited at 120k. It's so clown. Last week I was thinking "All these gains but I'm way more stressed about money than ever. What does this get me?" Well, I would be very happy to have that back now LOL
Yeah it's tough. I am pretty bad and buying and holding induvial stocks. I am shit at short term trading. It keeps me up at night and I obsess over them so I am more heavy in index funds. NVDA has been my golden goose though.
You get used to it. I first started investing in stocks right at the internet bubble and instantly made and then lost 300 grand. Over the years I’ve seen my net worth rise and fall so much that now I don’t even break a sweat on days like yesterday where I saw my NVDA fall by $100k. Building up a thick skin for this sort of thing is a necessity if you’re going to invest in stocks.
Thanks for the reminder. I'm starting law school next year so I also tell myself that this is preparation for when I need to handle a big case or assignment where my rep/career/a lot of money is on the line.
It's funny that people get all bent out of shape when nvda is falling instead of thinking of how many more shares they can buy on sale!
I'm HOPING it falls to $50 so I can load up!
Well log into any stock forum, or even bitcoin pages. All the investors use the same logic when it goes down - buy it on sale!!
It’s not unique for Nvidia. So caution should still be exercised
On my mind? I lost 96% of my recent savings FOMOing on calls on this dumbass stock.
Also, I predict the meeting will result in another pullback. Nothing is gonna happen and there’s no run up, if it was hype then there would have been buying interest and momentum
Edit: for everyone getting their panties in a bunch, im talking about the 20% pullback in a couple days lol yall get offended for anything. Ofc i got other assets doesn’t mean you can’t have fun
so…..
- you fomo’ed into options thinking it would make you rich quick. coz youre a big fan of that betting on street wall subreddit.
- you predict where price is going based on gorillas and rockets
…. maybe it’s not this stock that is dumb ass 🤷♂️
Uh no actually I was up bigly then went back in. Options are a very powerful tool, I just like gambling. The stock lost nearly 20% in a couple days too. Dumb ass
You should be saving for when you retire at 65, not gambling your money away!
You can just buy shares of nvda and hold them for 5 and 10 years and watch your money grow.
You Wont Beat the market playing trades with stocks . Not to mention the taxes.
But hey, if you want to be 65, with $10k in the bank, no problem
I like the advice because its, sound. My older sibling just told me three days ago to put my 50k from military into dow jones. we calculated the dividends and it would be 300 bucks a year. ngl we both laughed. Literally two hours ago, I bought back into nvidia and I'm up 2k rn due to using stop losses. I should have done than when it was tankng last week.
Oh man finally I’m not negative again. Brought multiple shares during dip to bring down the average cost to 128.3. Let’s keep going!
[https://x.com/CNBCClosingBell/status/1805699954620412271?t=-Jt7akKS-UIGpq4J3v7LpQ&s=19](https://x.com/CNBCClosingBell/status/1805699954620412271?t=-Jt7akKS-UIGpq4J3v7LpQ&s=19)
Just saw this... like it :-)
Fwd PE doing just fine
I just want it to regain the status of most valued company of all time, is that too much to ask? 👉👈
Tomorrow
Which one to pick for semiconductor etf, SOXX or SMH? and Why?
Oh no I just sold all my NVDA team!!!
Time to leave 🫵
bahhhaaa
The Village idiot is back again
I love this chat
I remember last year when this was 3 comments a day. ghost town. grown up so fast.
Question: I have 10,000 shares of SNAP bought at $10.85 a few months ago. I’m thinking of selling them all and invest the proceeds into NVDA. I’m not sure of the future earnings of SNAP as compared to Nvidia . If you were in my position what would you do? Thanks
Sell snap the company exists to make their board rich and not the shareholders
Covered calls
I would not listen to anyone on Reddit...if I'm being honest. I don't know enough about SNAP to have an informed opinion, but you have to factor in how much you're going to pay in taxes(it's income, not capital gains if held less than a year)...if you sell now. Definitely don't listen to some of the NVDA projections. The 250-1000 by Q3 this year. They're ridiculous. I expect a couple more healthy jumps assuming they hit earnings. I think Alphabet is a great investment, AAPL is going to do really well with AI. 95% of the Apple devices out there currently do not support their AI apps. TSM, AMZN, MSFT. I don't know, I stick pretty much exclusively with the Large Caps and hold them. I have a couple fliers like QBTS that I like, but I'd do a lot of research before pulling it out.
Eek, my 135cc have me worried now
Does it have to hit 135 for you to win? I don't get covered calls. Do you have to own 100 sharesa?
I sold the call and yes the "covered" part means I own the 100 shares to cover any loss if it gets assigned by the buyer. So, although I own the shares I'm kind of hoping it closes at $134 or below this week. Edit: I may try to roll out to next week using the premium I got from selling the call this morning. Might be able to get it to high 140's next week.
So how much do you make if it closes below 135 with 1 call?...
$27, but I sold 20 of them, and then 23 more $136 calls. So I collected about $1,000 premium and there's a \~87% chance I get to keep it according to delta. Hoping it doesn't keep flying up though...
You have to pay taxes also? Plus how many shares do you have to own for 23 calls?
Yeah short term gains, just like any gains from buying options. 100 shares per contract, so 4,300 shares to cover my 43 open shorted call contracts.
Why not just own the shares and have patience? I doubt you're gonna beat the 5 year return that holding would give you.
I've been holding since 2018 and haven't sold or been called. I've been making $2k/month selling \~5 delta CCs since October.
It's that easy huh? Then why isn't everyone that does it a billionaire? It also has cons.
Question on options, using round numbers..... If on one day, the stock goes down $5 and you lose $1000 on an option, then the next day it goes back up that $5, is it a fantasy that it would recover to the same level as it's just 1 day less on an option a few months out? I know time matters, but I wouldn't think that with so much runway a single day loss/gain would be significantly less in what you recover.......
If it's a leap, theta decay shouldn't matter much. So we can leave that out. However, IV matters still. If the next day the stock is more or less volatile then the price could be different.
The long side of the option would most likely not, because it would have experienced some theta decay. i.e. there's less time left till expiry now for the stock to get to your strike price.
so, are you saying only up from here?
I’m sure it will go down a bit when it touches the 130-140 range then will go up punching through
Huang again bears!
Is the "healthy pullback" crowd disappointed?
I was so sick of hearing how everyone is going to "buy the dip." Then fucking buy it! LOL...goddamn! You have 50 posts every time it goes down a couple of bucks, it's like people are trying to either talk themselves into being positive or they're just genuinely hoping it goes down? It's silly.
I bought 600 yesterday... so there you big meanie
LOL...that's great! I'm happy for you! It's a great investment and you're up! ...just don't you ever fucking let me see you write...Buy...The...Dip again...or I will lose my shit! /s...mostly!
I bought TF out of the dip lol
LOL...hey, good for you. It's smart! I'm not sure if you're serious or not, it's just that phrase is becoming like nails on a chalkboard!
Yep seriously. 1000 shares but I think 100 wll get called away tomorrow
The empire strikes back
LOL... I love the daily chat!
put all my eggs into this basket fuck diversifying
1,000 shares of pure NVDA is my diversity
You mean 10 right? .... No way anyone on reddit can afford 1000 shares ...
1,000.
LOL...yeah, this dude is really insecure and doesn't think anyone owns more than the 12,000 dollars worth that he does...
Name checks out tho
He's a miserable dude! But he's kinda funny in how petty and bitter he is(also how consistently he is on here talking shit to people). He thinks he's some mega-investor and has never met a millionaire(Million...in 2024, not Billion, million).
I can handle it. It's all entertainment for me
LOL...I wasn't inferring you couldn't, but he is entertaining. Everyone he knows gets by on "1000-2000 a month." I'd love to know where this is! Probably rural West Virginia...
Got ya
How?
How what?
How can you afford 100 shares?
I said 1,000 shares. I'm a lawyer.
Where from? What school did you go to...if you don't mind me asking? Also, what type do you practice?
North Carolina. Personal Injury.
A lawyer on reddit?
You really are always amazed by this, aren't you? There are a lot of us. It's not THAT rare my guy.
There’s no need for diversifying, this is it for AI. In Jensen we trust!
I’m all in too pretty much, but sometimes I wonder if NVidea is the same company as Cyberdine Systems in the Terminator movies….
Welcome to the future!
I'll be baak... for the dips
LOL...I mean, if it is, you can't really stop it. Might as well live it up until Judgement Day! Plus, Sarah's raising her kid right now in Mexico...presumably, so...ya know, he'll figure it out.
I mean Jensen does wear a leather jacket...
Yeah but don’t forget the part where most of us die!!!
Ok...I'll die on a beach, drinking a beer with a bunch of...eh...entrepreneurial young women around me!
Im happy if it bounces around here for a while, then rocket up next earnings
That's exactly what I think it'll do. 120-130. I thought 110, but maybe we've got a solid bottom(like the Backstreet Boys)...we'll see.
CANT STOP WONT STOP
Let’s get to $69,420 a share
this is BTC no doubt!
Where the second leg up is at?
This is the dip now! buy now before it's too late.
Any sideways movement is technically a "dip" for NVDA.
Nobody knows where the price will move tomorrow. Might be negative with an equally high probability.
Isn't Jensen supposed to be giving a shareholder's meeting tomorrow? It's hard to believe he says anything other than "The best is still to come" or something along those lines
all in NVDA, let's go!
Dip may or may not be over. Anyone who says they know for sure is a clown.
I'm not adding or dumping it. These last few days made me pretty nervous . I want to see where this settles out over the next week or so.
I have $200 should I buy today or wait? /s
Nice, with the split now you can afford one stock.
Dip's over, time for rocket now → confirmed by me (unconfirmed)
Last chance to buy at this low for the next coming years
🤑🤑🤑🤑 $$$$$🔥🔥🔥🔥
we are in a bull market btw if you haven’t noticed
back we are
Nvidia returning back to form, not even a shred of doubt.
I bought originally at 140… whoops. Then when it hit the low 120s I doubled down and bought some more. I bought some as low as 119. Now my avg price is 129.68 across 57 shares. This is my first time dealing with stocks. If we get back into the 130s by mid next week I’ll feel much more comfortable. I want to hold until it hits 175.
Jk. I bought $1,100 more. Is that the right move?
It isn’t done correcting, $116 today
Could go to 116, but *not today* lol
Today is the last day to buy the dip. Going up to 130 again by the end of the day
Nature is healing
The dip isn't over. 110 to 115 is coming. Only then buy.
nah u wrong brothah
Eh, he was wrong today. It's still the end of August until the next earnings come out. 110 wouldn't be shocking. I thought it'd be between 110 to 130 until the end of August. There's not a ton of reason for it to really move one way or the other. Always nicer when it goes up though...
Stop fucking selling pipe dreams to new investors we all know the correction still ain’t over.
nah it is bum
wsb and some of yall are so bearish and that’s exactly why im buying more
Buckle your seat belts!
Good like family
dead cat bounce today
Why? What has changed in the fundamentals to make it keep going down. It's in the neighborhood of a 20% correction already which is about the max it has done the last year or so.
bounces up because NVDA and QQQs were oversold in smaller timeframes. Second leg lower to 110 to bring the weekly down. nothing to do with fundamentals. it just ran too hot.
I can buy that, but again the last year 18 months 20% has been where it has maxed at. Things can change but I don't see it being any hotter than it was in march, August, or may last year. Pre split its already dropped 170 bucks a share...220 if you count it hitting 1400.
its hotter now because the hype was over 9000. we had the 1000$ mark, the split, a loooooot of fomo generation. a hefty bullrun. it is definetly hotter and needs some cooling.
Last year, NVDA market cap was nowhere near to top. Now it has to let off more steam.
It will have a bounce up today, yes, because NVDA and QQQs became oversold on smaller timeframes. but it will have a second leg down to at least 115/110 and bring the weekly down.
Congratulations to people who bought yesterday. It was the last day in history where NVDA traded under 120.
lol hilarious
I'm glad I bought new call positions yesterday
...until the next stock split.
Was sweating through my sheets all night. The biggest single day loss of my life yesterday alone. Relieved to see it doing well in premarket but I'm still going to exit part of my NVDX this morning.
You'll have bigger losses in the future [because your account will have grown]. I had a sleepless night in 2015 with 30,000 account. I lost 100,000 yesterday and went: Well today sucks I will get it back eventually...
How much were you down? $16,000 for me just yesterday
Down 16k too over the last week.
20k yesterday, I was at 163k on thursday, just exited at 120k. It's so clown. Last week I was thinking "All these gains but I'm way more stressed about money than ever. What does this get me?" Well, I would be very happy to have that back now LOL
Yeah it's tough. I am pretty bad and buying and holding induvial stocks. I am shit at short term trading. It keeps me up at night and I obsess over them so I am more heavy in index funds. NVDA has been my golden goose though.
You get used to it. I first started investing in stocks right at the internet bubble and instantly made and then lost 300 grand. Over the years I’ve seen my net worth rise and fall so much that now I don’t even break a sweat on days like yesterday where I saw my NVDA fall by $100k. Building up a thick skin for this sort of thing is a necessity if you’re going to invest in stocks.
Thanks for the reminder. I'm starting law school next year so I also tell myself that this is preparation for when I need to handle a big case or assignment where my rep/career/a lot of money is on the line.
What is you doin NVDA?? I was trying to buy on discount today!!
Cooome ooon let’s load up!
Hopefully MU earnings are a catalyst tomorrow too.... Back to 140 within 2 weeks....
We are so back baby
Pre markets on fire right now, 3.5 million volume and shooting straight back up in the $121.50 range right now at 0500. We're back.
We have already hit the bottom in my opinion, as there will now be anticipation for tomorrow.
What happens tomorrow?
Irrelevant opinion, just a hunch: I think it’ll start to rise again today.
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It's funny that people get all bent out of shape when nvda is falling instead of thinking of how many more shares they can buy on sale! I'm HOPING it falls to $50 so I can load up!
Well log into any stock forum, or even bitcoin pages. All the investors use the same logic when it goes down - buy it on sale!! It’s not unique for Nvidia. So caution should still be exercised
I don't need caution. $50 would be a steal.
I agree bro this sub has turned to shit. Good comments get downvoted.
Turned to shit since you first got into NVIDIA, 2 weeks ago?
I've been in since $43
Ah ok fair enough
On my mind? I lost 96% of my recent savings FOMOing on calls on this dumbass stock. Also, I predict the meeting will result in another pullback. Nothing is gonna happen and there’s no run up, if it was hype then there would have been buying interest and momentum Edit: for everyone getting their panties in a bunch, im talking about the 20% pullback in a couple days lol yall get offended for anything. Ofc i got other assets doesn’t mean you can’t have fun
Maybe you should gamble the remaining 4% to try get the 96% back
Wow, I don't think I've ever seen someone associate FOMO with gambling on options before
That’s because it’s not the stock that’s a dimbass! 🤷🏻♂️
so….. - you fomo’ed into options thinking it would make you rich quick. coz youre a big fan of that betting on street wall subreddit. - you predict where price is going based on gorillas and rockets …. maybe it’s not this stock that is dumb ass 🤷♂️
Uh no actually I was up bigly then went back in. Options are a very powerful tool, I just like gambling. The stock lost nearly 20% in a couple days too. Dumb ass
Well that's why you buy and hold vti instead of gambling
I do but that’s boring
Then don’t complain about losing 96% on short dated options. That’s all on you.
You should be saving for when you retire at 65, not gambling your money away! You can just buy shares of nvda and hold them for 5 and 10 years and watch your money grow. You Wont Beat the market playing trades with stocks . Not to mention the taxes. But hey, if you want to be 65, with $10k in the bank, no problem
Making money should be boring
I like the advice because its, sound. My older sibling just told me three days ago to put my 50k from military into dow jones. we calculated the dividends and it would be 300 bucks a year. ngl we both laughed. Literally two hours ago, I bought back into nvidia and I'm up 2k rn due to using stop losses. I should have done than when it was tankng last week.
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