When NVDA is 150, sell its 150 call + sell 145 put
You are likely to collect $15 on the call, and $10 on the put for a total of $25 credit.
In this case, NVDA drops right after it hits 5th wave high. Anytime NVDA stays above 120, you essentially end up owning more at 120 for a profit (because you have that $25 cedit) --- You are going to buy more shares anyway. When NVDA dropped below 120 due to deepseek, you can sell more put at 120 for another $10.
In a unlikely case if NVDA keeps going up after 150, you are well covered all the way to 175 (also due to that $25 credit). Because this is 5th wave, it is very unlikely NVDA can go above 175.
