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Nvidia Inc. (NVDA) stock has been flat over the last 3 and 6 months, despite market turmoil. As a result, an unusually large tranche of NVDA puts has traded at a 17.6% lower strike price. Investors love the 6.38% short-put play yield over the next 7 months.
NVDA closed at $181.93 on Tuesday, March 16, well below its pre-earnings Feb. 25 peak of $195.56, but up from a recent low of $171.88 on Feb. 5. But Barchart shows that NVDA stock has been relatively flat over the last 6 months.