Nvidia stock found support at $170, with a broken wing butterfly trade creating profit between $165 and $175, offering a $57 income potential. The trade involves buying a put, selling two lower puts, and buying one further out-of-the-money put, resulting in a net credit of $57. The main risk is a sharp move lower early in the trade. The trade is slightly bullish, with a stop loss recommended at 20% of capital at risk or if NVDA drops below $165. The trade shows profitability at any price above $170, moving slowly unless there’s a sharp stock price drop. Options are risky, consult a financial advisor before investing.

Read more at Barchart: NVDA Broken Wing Butterfly Trade Targets A Profit Zone Between 165 and 175