Nvidia's FCF is Powerful and Could Push NVDA Stock Higher

Nvidia Corp's (NVDA) free cash flow margins are very high and this could push NVDA much higher. While waiting for this, it makes sense to short out-of-the-money puts here based on their high premiums.

I discussed this situation and how the company's valuation could rise in my last Barchart article on Sept. 5, “Shorting Nvidia Puts Still Makes Sense as NVDA Stock Defies Naysayers.” At the time, NVDA stock was at $485.00 per share and today (Nov. 6) it's trading at $456.86.