Nvidia Stock is Up Over 103% YTD - Making Shorting Its Puts Attractive for Income Plays

Nvidia Corp (NVDA) stock is up over 103% YTD, including 10%+ in the last month. NVDA stock is trading at $296.89 on May 16, up from $146.14 where it ended last year. This activity has pushed up its put option premiums and made shorting out-of-the-money puts ideal for investors to create income.

I discussed this in my last article on April 24, “Nvidia Stock Is on a Tear Up 86% YTD - Pushing Its Put Premiums Sky High.” This move upward since then is despite the fact that NVDA stock has a sky-high valuation.