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So, to give backstory, I have very little options trading experience + knowledge so be prepared for some Warren Buffet-Esque analysis.
ARM? Never heard of it but saw the casino opened after market closes on the 7th of February. Time to play ball.
After extensive research (5-10 minutes of scrolling google) I thought this stock had some decent potential to print cash.
I’ve just bought £10,000 worth of ARM calls with an $85 strike price expiring in a weeks time.
Now my logic behind this is…
I’m not necessarily banking on ARM to make me loads of money but to give me some indication as to what NVIDIA will do post-earnings. Now, before you DD virgins come at me to say that NVIDIA and ARM are 2 completely different companies, I know, but I think there is enough similarity between them to have a certain correlation in the markets reaction to their earnings.
That’s literally it, besides I saw the word AI and thought, that seems popular right now.
We’ll see what happens…
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