Power Plays Update: Trim NVDA, Close DASH
October 22, 2024

By Scott Redler

Over the past couple of days, I've been slowly lightening up on my long exposure, cleaning up loose positions because of the risk of more volatility. I've also added some hedges via SPY puts.

So with that in mind, I'm taking two actions for Power Plays here:

Nvidia (NVDA) may be getting overheated short-term, so let's take off another 25% for Power Plays. This leaves us with 25% left. It's been great since we added it at $119.16, but it could use some digestion over $140 in the near-term.

And we will close out DoorDash (DASH) up here for an 18%+ gain on our final piece. It's been a monster and I'm looking for an opportunity to reload, perhaps with options into earnings.

-Scott

Scott Redler Positions Disclosure as of 2024-10-22 at 10.39.50 AM