Nvidia, Inc. is set to release earnings and free cash flow for the quarter ending October after the market closes on November 19. NVDA stock closed at $190.17 on Nov. 14, down from a recent peak of $206.88 on Nov. 3. A $230 price target has been set based on projected free cash flow margins, with an estimated 39% FCF margin. Selling short out-of-the-money puts is a way to set a lower buy-in for NVDA stock. Shorting OTM put options with specific strike prices and yields can be a profitable strategy for investors. This method allows investors to potentially generate income while waiting for NVDA stock to drop.

Read more at Barchart: Nvidia’s Earnings Report Will Be Out on Wednesday, Nov. 19