SpaceX And Nvidia. Put Options After A Strong Morning Surge

Do you see this first chart. See the little uptick? Could this be the top for todays action in SpaceX? The reason I ask this is that one hour into the trading action is when tops can occur for that day.

Now the price of one series of it's Calls. Look at it's wonderful ride up. That could change.

So let's consider making some money on it's Puts. These ones shown below are "in-the-money" and are cheap in price but could get beat up if the stock continues to increase in price. On the other hand they are the one's most sensitive to any downward price action.

To simple a strategy you might say? Let's add another stock in a similiar space. This time we will add Nvidia. It's the same scenario. A stock which could be overextended. Here is it's chart.

Let's see what happens. Now a 11:15 a.m. The Nvidia Puts have more than doubled.

The Spacex Puts have lost some value but it's chart could roll over.

.. Here they are eigth minutes later.

Now a look at things at 11:40 a.m. SpaceX is staying stubbornly high.

Nvidia is also showing some strength again which plays into the theme of always taking profits when you see them on one day options.

To be continued.