Power Plays Options Update:
Trim NVDA & AMZN Calls
May 29, 2025
By Scott Redler
Markets are up nicely on tariff news plus the Nvidia (NVDA) earnings report so this is the game plan this morning:
- Trim 1/2 of the NVDA June 6 $140 Calls (leaving us with 1/2)
- Trim another 1/3 of the AMZN May 30 $210 Calls (leaving us with 1/3)
These NVDA calls worked out nicely. Traders are focusing on the positives from the report rather than the near-term trouble in China. So we'll let the second half run for now/
As for AMZN, I was hoping for a bigger, faster move, but we may get a boost for the final 1/3.
-Scott
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