Nvidia Put Option Premiums are Sky-High - Good for Short Sellers Ahead of Earnings

Nvidia Inc. (NVDA) stock is floating higher as analysts keep raising their price targets and revenue forecasts. Put option premiums are sky-high, giving short sellers high yields in out-of-the-money put strike prices in close expirations.

NVDA is at $139.26 in midday trading on Tuesday, Nov. 5. I wrote about this opportunity in my Oct. 8 Barchart article, “Nvidia Stock Is Still Cheap Based on Analysts' Targets - Short Put Plays Are Attractive.”