Long NVIDIA

On January 27th, 2025, NVIDIA dropped roughly 17% in a single day on DeepSeek fears. I had been holding shares going into the event and used the panic as an opportunity to convert my entire position into LEAPS call options at a steep discount. The stock recovered quickly and I was able to capitalize on the rebound through the leveraged options exposure. I also bought call options on NVDL, the leveraged NVIDIA ETF, through this period. The red arrow on the chart marks where I purchased the LEAPS. The first green arrow is where I took the majority of profits, the second is where I closed about 90% of the remaining position, and the third is where I fully exited.