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Nvidia (NVDA) stock has recovered from its lows but now its put option premiums are sky-high. This is ahead of its upcoming earnings release on Nov. 21 for its fiscal quarter ended Oct. 30. That makes them ideal to sell short for extra income.
As of morning trading on Monday, Nov. 13, NVDA stock is at $487.89, up near its highs since the end of August when it last reported earnings. One reason is that estimates for the company's performance are for amazing growth.