I closed 1 lot(s) $NVDA 20240628 122.0 PUT$  ,While NVDA has retreated about 12% from its high of 140.75, it has been well-supported by the 20 EMA. Although I'm interested in owning more NVDA, the current price is a bit too high. My ideal price to buy more NVDA is in the low $100s or slightly below. To achieve this, I've been selling puts with strike prices closer to the 40 EMA based on weekly or bi-weekly price action. This strategy allows me to collect premiums through cash-secured puts while I wait for the price to retreat to my target level. Generating this extra income helps to eventually lower the cost of ownership when I get assigned the shares, assuming the stock price drops to my strike price. At the moment, the price hasn't reached my target, so the options expire worthless, allowing me to keep the full premium collected.