Today I set up sell put positions for NVDA at 170-175, targeting a short-term horizon of a few weeks. There will be options expiring every week. If I get assigned the shares, I'll hold them until the system alerts me to sell at this year's high. The overall market is roughly in line with my expectations; after NVDA's earnings report, the market began to pull back. The support level for this pullback remains around 6720. If it breaks below, we'll be in trouble. If it holds, we should still oscillate up to 7030 by the end of March. It's the first day of my vacation, couldn't help but say a bit more. I'm still holding 45 percent cash, waiting for the storm next week. There are many short positions; if there's a short squeeze, everyone should take profits and cash out, keeping funds focused on indices, energy stocks, and reliable large caps. Happy trading.$SPDR S&P 500(SPY.US)$NVIDIA(NVDA.US)