Update to our current positions in NVDA SQ CGC and QCOM.
Depending on your position size, it would be wise to take something off the table here, especially with a solid move on Monday, which is likely a mixture of shorts covering and late buyers jumping into the market.
We are going to Close our NVDA position @ 149.25
We are going to Close our SQ position @ 0.07
If you own Square outright, it is a good idea to close or at least take something off the table depending on your position size. Same with NVDA a good idea to close out any short PUTs here as the market is likely to pullback later today or early tomorrow.
We likely get an opportunity to buy back at better prices and that is what we are looking to do and with the breakout here, we will be looking to sell PUTs on NVDA and IWM.