Shorting Out-of-the-Money Nvidia Puts Is Working - 2%+ Yields Over 3 Weeks

Nvidia Inc (NVDA) stock is still cheap, as analysts have higher price targets. Moreover, investors can make extra income shorting out-of-the-money put options - 2%+ yields are available at 5% OTM strike prices over 3 weeks.

NVDA stock is at $117.17 in morning trading on Monday, Sept. 16. This is up from recent lows below $100 per share in early August and another recent low of $102.83 on Sept. 6.