Chronicle - Mar 10, 2024
More Ways to Play NVDA
The NVIDIA stock (NVDA)
This is the most straightforward way to get exposure on NVDA 0.00%↑. Buy if you believe the stock will go up, and sell if you believe the stock will go down.
YieldMax NVDA Option Income Strategy ETF (NVDY)
Actively managed by ZEGA Financial, NVDY utilizes a synthetic covered call strategy to generate monthly income. The fund sells (writes) call option contracts on NVDA to generate income. To hedge its position against adverse movement (when NVDA share price increases significantly), the fund enters synthetic long NVDA by simultaneously buying call options and selling put options.
As an income fund, NVDY 0.00%↑ has an impressive dividend yield history, averaging around 18% since inception.
GraniteShares 2x Long NVDA Daily ETF (NVDL)
NVDL seeks daily investment results, before fees and expenses, of 2 times (200%) the daily percentage change of NVDA share price. The fund achieves this objective by entering into swap agreements on NVDA share with major financial institutions. NVDL 0.00%↑ is a way to get leveraged exposure on NVDA.
AXS 1.25x NVDA Bear Daily ETF (NVDS)
This fund is a way to play on short-term bearish view on NVDA. Same as NVDL above, NVDS 0.00%↑ utilizes several swap agreements to get -125% daily returns of NVDA.
Direxion Daily NVDA Bull 1.5x Shares (NVDU)
NVDA crowd is so attractive that Direxion also issued two dedicated ETFs, for both the bulls and the bears.
Direxion Daily NVDA Bear 1x Shares (NVDD)
GraniteShares 1.5x Short NVDA Daily ETF (NVD)
If you really have bearish view on NVDA, this fund will get you 2x bearish exposure.
IPO — New Listing
LGCL 0.00%↑ Lucas GC Ltd, the largest technology-driven online agent-centric human capital management service provider targeting professionals based on Platform-as-a-Service, or PaaS, in China in terms of the number of active users in the human resources industry as of June 30, 2022 and total net revenues for the year ended December 31, 2021.
RYDE 0.00%↑ Ryde Group Ltd, currently operating in Singapore, with its core businesses in the following segments: (i) mobility, where we provide on-demand and scheduled carpooling and ride-hailing services, matching riders to our driver partners; and (ii) quick commerce, where the company provide on-demand, scheduled, and multi-stop parcel delivery services.
IPO — Performance
