Equation founder: Has exited NVIDIA transaction, plans to sell put options with strike prices between $100 and $110 expiring within 180 days

Odaily Planet Daily News: The founder of Formula announced on social media that he had previously closed half of his position when NVIDIA (NVDA) stock was around $160.3, while keeping the remaining position to bet on a rebound after the U.S. market opened. He has since exited entirely with little profit. He explained that his prior trading logic was based on the market's overly pessimistic pricing regarding events related to Jensen Huang, and that Huang might not necessarily be removed. The main issue in this trade was the lengthy delay between receiving a monitoring alert on his phone and actually placing the trade; hence, he plans to automate such operations going forward. Additionally, he revealed his intention to sell more NVIDIA put options expiring within 180 days, with strike prices ranging from $100 to $110.