SRPP Update: Trim NVDA, Close UNG

Power Plays Update: Trim NVDA, Close UNG

By Scott Redler

The market is treating our Power Plays well to kick off the week so we'll take two actions.

First, we'll trim 1/3 of Nvidia (NVDA), leaving us with with 2/3 the original position. Jensen Huang's CES keynote could bring out a sell-the-news reaction, so I just want to play it a bit safe. The stock will still likely make new highs in the weeks ahead.

And second, we'll close out United States Natural Gas Fund LP (UNG). It's had a great run since we added it on November 19 at $13.92, and it's up big this morning. As I've said, natural gas is very streaky so I want to get out while the getting's good. This was a nice win.

-Scott

Scott Redler Positions Disclosure as of 2025-01-06 at 7.28.17 AM

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