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Nvidia (NVDA) stock is up again today, giving it a month-to-date performance of 47.8% and a YTD return of over 180% at $410 midday on May 30. That makes it the ultimate FOMO stock and is pushing its call premiums sky-high.
In fact, just two weeks ago we wrote about how high NVDA stock had climbed and suggested that shorting its out-of-the-money puts would be advantageous. The article, “Nvidia Stock Is Up Over 103% YTD - Making Shorting Its Puts Attractive For Income Plays,” recommended shorting the $270 strike price puts for expiration on June 9.
