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[Options Premium] Wide Iron Condor in NVDA

April 24, 2024

The hangover from the massive ramp in NVIDIA $NVDA is shown pretty clearly in the current premiums in out-of-the-money options.

The big moves -- in both directions -- are still fresh memories for all participants in this stock over the past several months.

This sets up an opportunity to put on a high-probability bet that the range in $NVDA will consolidate a bit here.

 

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