Thanks for your detailed answer.
I am bullish on NVDA but I want a rainy day insurance.
So I bought 100 Put LEAPS (Dec 2026). I paid 20 USD/share premium for that.
https://optionstrat.com/build/protective-put/NVDA/NVDAx100,.NVDA261218P100
That's how my positions look like. Until Dec 2026, my max loss will stay at USD 2865 while I have potential for unlimited profit.
I am happy with it. That covers my 100/150 shares.
My remaining 50 shares still need insurance. I wonder what I can do about it? I don't want to under-hedge or over-hedge. Is there any trick I should know?
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