We recommend selling the following OTM Put Option of NVDA.

Sell NVDA Mar 07, 115 PE

Our analysis behind this recommendation is as follows:

A) Analysis of Stock Market Indices

Insight #1: The S&P 500 (SPY) & QQQ is showing a moderately BULLISH sentiment today! Check the Open Interest distribution for SPY & QQQ below.

The pie charts illustrate the bullish or bearish sentiment for each ticker {GLD, IWM, QQQ, SPY} by showing the distribution of Open Interest, color-coded as follows:

Insight #2: For QQQ options expiring on Mar 07, 2025 (7 DTE), 69.3% of the total open interest is jointly reinforcing a moderate BULLISH sentiment.

B) Analysis of Mag-7 Stocks

Insight #3: NVDA shows the strongest BULLISH sentiment among the Mag 7 stocks, based on the Open Interest distribution across weekly (7 DTE) and monthly (21 DTE) option chains.

Insight #4: NVDA is the most BULLISH based on the weekly (7 DTE) option chains, with 81.9% of total Open Interest jointly signals a strong BULLISH sentiment..

Insight #5: Additionally, NVDA shows strong BULLISH sentiment, as evidenced by the absolute Open Interest distribution across its weekly (7 DTE) and monthly (21 DTE) option chains.

Insight #6: To identify the optimal Strike Price for trading, we analyze the Open Interest at various Strike Prices for NVDA’s Put Options in the weekly (7 DTE) option chain.

Notably, the 115 PE Strike has an Open Interest of 293,836, a Delta of 30.5%, and a Option Premium of $2.19.

Conclusion

Based on our analysis, we propose to Sell to Open the following OTM Put Option of NVDA:

Sell NVDA Mar 07 115 PE

Appendix — My Trade

On February 28, 2025, at 10:55 AM, I executed the following trade:

Sell To Open NVDA Mar 07 115 PE @ 2.19

This trade is clearly reflected in the price chart of the NVDA 115 PE shown below:

I sold to open an NVDA Mar 07, 115 PE at $2.19, collecting $219 per contract.