NVDA Put Credit Spread - Jun 19 Vol Premium

NVDA typically carries elevated options premium, but position sizing must respect the underlying volatility. The short put is roughly 10% below current price, creating a larger cushion than slower-moving mega caps. Estimated probability profile: around 70-75% POP if short delta sits near 20.

Current quote snapshot used for this alert: NVDA ~$216.61. This is an educational trade idea, not personalized financial advice.

Underlying: NVDA @ ~$216.61 Expiration: Jun 19, 2026 Structure: Sell 195P / Buy 185P Target entry: collect about $1.95 credit per share, or better.

Probability focus: use the richer premium to finance defined risk while placing the short strike outside routine noise. Keep size smaller than index ETF ideas because single-name gap risk is higher.

Use limit orders only. Verify live option chain liquidity, bid/ask width, earnings date, and short-strike delta before entering. Skip the setup if the live credit is materially worse than the target or if the short strike is no longer around the intended probability zone.

Take profits at 50% of max profit, near $98 per 1-lot. Defend or exit if the position reaches about 2x credit received, near a $390 loss per 1-lot, or if price closes beyond the short strike with momentum. Avoid holding into expiration week unless actively managing assignment/gamma risk. Re-check earnings and macro-event calendar before entry.