$NBIS breakout is currently following the expectations for the week. The stock seems to have some resistance around the $235 level, which is why I sold $260 covered calls expiring on friday to collect some extra premium. I averaged down during the past two weeks and am up 10% for the week. Marking levels and selling covered calls/cash secured puts will help you lower your cost basis as you wait. You are essentially making money by both collecting premium and the stock appreciating as it runs up. Of course the goal is to not get assigned so marking levels based on some technical anaylsis helps… So far I am waiting to let my covered calls expire and sit on my shares for earnings. Given how Microsoft, Amazon and Sandisk have performed I am positive the earnings will be astounding. Nebius to 400 is on sight for end of year.
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