Reported 1 day ago
Nvidia, Inc. (NVDA) stock is gradually increasing as analysts have raised their revenue forecasts and price targets, suggesting it may be undervalued. Current trading prices around $183.37 indicate potential upside to around $212.40, making it a good opportunity for existing investors to sell short out-of-the-money put options, particularly at the $170 strike price. This strategy provides extra income while also setting a lower entry point for potential share purchases if the stock declines.
Source: YAHOO