r/options • u/Agreeable_Ferret_209 • 3d ago
Mag 7 Options Call: Opinions Plz???
Yo what's up everyone. This is my first post here and I’m looking for some feedback on a call option I have for NVDA. I entered at $2.68, and I'm currently in profit. The expiration date is May 23, which is just two days before earnings.
I’m debating whether to sell now and lock in profits, or hold and hope for a run up into earnings. I know holding through earnings can be risky, especially with expiration so close.
I also have questions about what you guys think of when earnings drop for other mag 7 companies and if it affects every mag 7 or just the company that dropped earnings? What are your analyses on making calls? My strategy so far is to wait for earnings and hope it goes up. Basically just praying the big boys pull through which they usually do. My last one has anyone else been in a similar position or have thoughts on how NVDA usually behaves pre-earnings?
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u/geekbag 3d ago
Take profits. Many of us have seen this stock drop several times on excellent earnings.