Power Plays Update: Closing NVDA
May 22, 2024

By Scott Redler

We'll close Nvidia (NVDA) out of Power Plays here.

I don't like to take earnings risk with individual stocks, so we'll walk away with a modest gain here.

For full transparency, I'm holding a May 24 $1,000/$1075 call spread, though it is a very high-risk play.

To pay off, Nvidia will need monster earnings and guidance, and maybe a stock split. Consider that before you think about participating.

-Scott

Scott Redler Positions Disclosure as of 2024-05-22 at 10.08.42 AM