Equation founder: Exited Nvidia deal, plans to sell put options
The founder of Equation Fund stated that he closed half of his position when Nvidia's stock price was around $160.3, and exited the remaining position after the US stock market opened, resulting in virtually no profit. The trading logic was that the market was overly pessimistic about pricing in events related to Jensen Huang, and he plans to automate such operations in the future. In addition, it plans to sell more Nvidia put options expiring within 180 days with strike prices of $100 to $110.