Hey Traders,
NVDA was the stock of 2024 — posting a massive 170% gain on the year.
But let’s be real…
It wasn’t slow, steady growth.
And it wasn’t always going up.
In fact, did you know that NVDA gained 184% from January through June 20th?
And then?
It spent months pulling back before finally bouncing to a new high in November — peaking at a 207% gain on the year, just before Thanksgiving.
Then came the slide…
Most NVDA Traders Saw Big Gains — Then Watched Them Slip Away
After peaking just above $150/share in mid-November, NVDA spent most of the rest of the year sliding lower.
And those kinds of losses? They hurt.
Think about it…
If you bought NVDA at the start of 2024, you would have more than tripled your money by Thanksgiving.
But unless you sold at just the right time, those were all theoretical paper gains. (have you ever tried paying your bills with those?)
Because let’s be honest…
How many traders actually sell the hottest stock of the year when it’s still running hot?
And right, if you were still sitting on the NVDA stock you bought in January 2024, you’d “only” be up about 150% right now.
Not bad — but nowhere near the peak gains I already mentioned.
What if there was another way?
What if you could make money from NVDA even if it wasn’t going up?
That’s exactly what I do.
How Covered Calls Put Cash in My Pocket — Even When NVDA Drops
I’ve talked to you about covered calls before.
It’s one of the simplest, most powerful ways to generate income from stocks you already own:
✅ You collect instant cash in your account.
✅ You give someone the right to buy your shares at a set price by a certain date.
✅ If NVDA doesn’t hit that price by that date? You keep the cash and the stock.
And here’s what that looked like for me over just the past 2 months…
💰 NVDA slumped as much as 25%
💰 NVDA suffered the biggest single-day loss in stock market history
💰 NVDA saw a rollercoaster earnings drop
And guess what?
While most NVDA traders were sweating bullets… I collected over $20,000 in cash.
Why I Couldn’t Care Less About NVDA’s Stock Price
While most traders are crossing their fingers, hoping NVDA bounces, I couldn’t care less.
Because every month, I’m selling more and more covered calls against my shares.
That does two things:
1️⃣ It lowers my cost basis.
2️⃣ It puts cold, hard cash in my pocket instantly.
And every month that NVDA doesn’t break out?
I keep the cash, keep my shares, and sell more covered calls.
And keep in mind…
That $20,000 in covered call income? That’s just from the past two months.
I’ve been doing this for as long as I’ve owned my NVDA shares — so my cost basis at this point?
It’s so low, I’m embarrassed to tell you.
The Bottom Line
Remember — nothing goes up in a straight line.
Not even the “stock of the year.”
Stock often growth happens in spurts — and while the stock moves sideways, covered calls let you generate cash flow and make money from an asset that would otherwise just be sitting there.
How much do I love covered calls? $20,000 bucks worth. (and that’s just so far this year)
Trade well,
Jack Carter
P.S. if you want to see the exact way I’m trading NVDA like this, check out this video I recorded for you.
