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Mark R. Hake, CFA

Nvidia Stock Is Slowly Moving Higher - Short Put Plays Could Work Here

Nvidia NVDA OTM Yahoo Finance

Nvidia, Inc. (NVDA) stock is moving higher from a trading plateau, as analysts have raised their price targets. This might be a good time for existing investors to sell short out-of-the-money put options. This sets a lower buy-in and makes extra income.

NVDA is at $183.37 in midday trading on Monday, Sept. 22. That is still below where NVDA stood when I last wrote about Nvidia over three weeks ago on Aug. 29 (i.e., $180.17).

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