We keep adding position on Nvida (NVDA) long. The trade was at first few days immensely profitable. However, we fail to see a same-day price reversal towards later part of the week, though we have rolled the option contract to reduce delta when the reversal first happens. We are eventually now balanced for P&L of trading in this stock, but we are still holding the view that NVDA will break new high again in coming week, and are holding our long options.
Hong Kong Stocks are likewise stagnant, retreating over 300 points after gaining 500 points. We are waiting for buy and sell signals for Hong Kong stocks as they break yearly high or touch yearly low. Now we simply employ a wait-and -see approach on the Hong Kong stocks, holding a very small value of put option on Tracker Fund (HKG:2800).