We recommend selling the following OTM Put Option of NVDA.

Sell NVDA Mar 14, 110 PE

Our analysis behind this recommendation is as follows:

A) Analysis of Stock Market Indices

Insight #1: The S&P 500 (SPY) & NASDAQ (QQQ) are Strongly Bullish today!

* QQQ has 71.2 Mathur Bear-Bull Percent, implying it is strongly Bullish.

* SPY has 64.7 Mathur Bear-Bull Percent, implying it is strongly Bullish.

We can also check the Open Interest distribution for QQQ, SPY 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 14, 2025 (2 DTE), 57.4% 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 (2 DTE) and monthly (9 DTE) option chains.

NVDA has 85.1 Mathur Bear-Bull Percent, implying it is strongly Bullish

We can also check the Open Interest distribution for NVDA below.

Insight #4: NVDA is the most BULLISH based on the weekly (2 DTE) option chains, with 82.6% 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 (2 DTE) and monthly (9 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 (2 DTE) option chain.

Notably, the 110 PE Strike has an Open Interest of 21,794, a Delta of 23.6%, and a Option Premium of $1.05.

Conclusion

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

Sell NVDA Mar 14 110 PE

Appendix — My Trade

On MAR 12, 2025, at 10:05 AM, I executed the following trade:

Sell To Open NVDA Mar 14 110 PE @ 1.05

This trade is clearly reflected in the price chart of the NVDA 110 PE shown below:

I sold to open an NVDA Mar 14, 110 PE at $1.05, collecting $105 per contract.