SRPP Options Update: Trim TSLL calls, Trim JD Calls, Close NVDA Calls, Close GLD Puts - T3 Live

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Power Plays Options Update
Trim TSLL calls, Trim JD Calls, Close NVDA Calls, Close GLD Puts
May 12, 2025

By Scott Redler

The market is up huge today on the US-China trade news, and we'll take four actions for Power Plays Options:

Trim 1/3 of the TSLL May 16 $11 Calls, leaving us with 1/3
Trim 1/2 of the JD 5/16 $35 Calls, leaving us with 1/2
Close the remaining 1/2 of the NVDA 5/16 $116 Calls
Close the remaining 1/3 of the GLD 5/16 $300 Puts

All these names go in the win column, though I had higher hopes for the GLD puts.

Tesla (TSLA) is up big premarket and approaching resistance at $325, so TSLL may need a break.

JD.com (JD) is up nicely as China Stocks surge.

I may look for a way to maneuver back into NVIDIA (NVDA) this week so keep an eye out for an alert there. But for now it's already near resistance at $122.

GLD could break under $295 this week, but we're so close to expiration this Friday I'd rather just move on for now.

-Scott

Scott Redler Positions Disclosure as of 2025-05-12 at 8.44.25 AM

Screenshot 2025-05-12 at 8.44.25 AM

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