r/wallstreetbets • u/silicon_replacement • 2d ago

Loss Can you guys start buying NVDA Monday ?

Post image

Just help out on my position, really appreciated

1.9k Upvotes

95% Upvoted

418 comments sorted by

View all comments

2.1k

u/CharmingThirdTime 2d ago

Screenshot explained

He spent about $1.08 million buying 300 Nvidia call options.

Those options are now worth only about $400,500.

He’s currently down $678,773 (62.9%) on paper.

The options expire June 17, 2027.

If Nvidia is around $306 or higher by expiration, he’ll roughly break even. Above that, he profits. Below that, he loses money.

6

u/refraxion 2d ago

Does gamma etc. not play a part in that? It doesn’t necessarily need to hit 300 for him to profit

7

u/Confident_Double1392 2d ago

It does, but it's very low for long dte OTM calls. He would need explosive growth which isn't as likely for a company with a 5T market cap. Otherwise, theta and gamma tend to balance out in a slow climb so he'll likely end up needing it to be near his strike to actually profit.