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Barchart
Mark R. Hake, CFA

Despite Impressive Results, Nvidia Stock May Be Stuck in a Range - What's the Best Play?

Nvidia, Inc. (NVDA) produced impressive fiscal Q2 revenue and earnings, but its free cash flow (FCF) and FCF margins were lower than in Q1. NVDA may be stuck in a trading range, despite analysts' higher price targets. As a result, shorting out-of-the-money (OTM) puts might be the best play here.

NVDA fell on Friday, Aug. 28, to $217.55. That's only slightly higher than before it released its results on Aug. 26 ($213.05 on Aug. 25).

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