Buy Call NTNX

March 8, 2024
Sell Existing Position: Sell your NTNX April 37.5/65 Bull Call Spread for $23 or more

The time has come to finally lock in a MONSTER profit (approximately 500%) on our NTNX position as growth stocks have reversed fairly hard today. And at the same time, we are going to walk away from the final piece of our LI calls that have mostly been a waste of time.

To execute this trade you need to:
Sell to Close your NTNX April 37.5 Calls
Buy to Close your NTNX April 65 Calls

Exiting both of these positions may be a mistake. However, I’m growing a touch concerned that the market may have overheated in the short term, and I want to continue to reduce our exposure just a touch.

January 22, 2024
Adjust Existing Position: Against NTNX April 37.5 Call, Sell the April 65 Call for $1 or more.

Our NTNX April 37.5 call is working spectacularly and I expect/hope the stock will continue to rise. However, just in case the stock has run too far too fast, let’s sell an out-of-the-money call to lower our cost basis on our trade.

To execute this trade you need to:
Sell to Open the NTNX April 65 Call

After this trade our net position will be:
Long NTNX April 37.5 Call
Short NTNX April 65 Call.

Turning this trade into a bull call spread will be a mistake if NTNX moves well above 65 on April expiration. However, that will be a fine scenario as our bull call spread will be worth $27.5, or an approximate profit of 500%.

Please note, even though we are selling a call today, this position is still without question bullish.

And finally, I do want to note that two weeks ago there were takeover rumors in NTNX, so if you think that a takeover might happen, you would not want to sell this call.

November 30, 2023
Sell a Third of Existing Position: Sell a Third of your NTNX April 37.5 Calls for $7.70 or more.

NTNX is trading higher by 5.5% this morning which has helped push our position to a potential profit of approximately 75%. Let’s stick to the plan, lock in a profit today, and then go for much greater gains in the weeks to come.

To execute this trade you need to:
Sell to Close a Third of your NTNX April 37.5 Calls

As is always the case when we take partial profits, we hope this sale today is a big mistake and the stock and our position trade much higher.

October 11, 2023
Sell a Third of Existing Position: Sell a Third of your Nutanix (NTNX) April 37.5 Calls for $5.30 or more.

Very quickly our NTNX calls that we bought yesterday afternoon are at a potential profit of approximately 20%. Let’s stick to the gameplan, lock in a profit on a third of our position, and then go for much greater gains in weeks/months to come.

To execute this trade you need to:
Sell to Close a Third of your NTNX April 37.5 Calls

As is always the case when we take partial profits, we hope this initial sale is a big mistake and the stock and our calls trade much higher.

October 10, 2023
Buy the Nutanix (NTNX) April 37.5 Calls (exp. 4/19/2024) for $5 or less.

As I wrote late last week Nutanix (NTNX) was on my radar following weeks of strong stock performance in the face of a market, and especially growth stocks, that was under pressure.

Fast forward a couple days and very impressively the market has put together three straight days of gains in the face of news that easily could have sunk the indexes (good Jobs Report/Middle East violence). And with the strong market move, NTNX is breaking out to a new recent high today.

Let’s get involved with NTNX via an April call that is in my mind very inexpensive.

To execute this trade you need to:
Buy to Open the NTNX April 37.5 Call

The most you can lose on this trade is the premium paid, or $500 per call purchased.

The risks I see in this trade are pretty straightforward:

First, the three-day rally could be yet another fake-out, that should it fail will almost certainly hurt our NTNX calls. Second, should the sellers come after stocks with “meat on the bone” NTNX could get hit hard.

That being said, I’m pretty impressed by the market the last three days, we are entering a historically bullish time of year for stocks, and for those reasons I am going to add NTNX to the portfolio today.