Trade of the Week: NVDA

Trade of the Week
by Jay Soloff
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This week, we are doing a covered call analysis on NVIDIA (NVDA).

The stock price has been in a bullish trend for several months.

Recent earnings results suggest the bull trend could continue, or at least the stock may stick in a sideways pattern for the time being.

We are looking at NVDA because there is a single stock covered call ETF from YieldMax, NVDY, which could be (or could not be) an interesting addition to the portfolio in my ETF Income Trader service.

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Author: Jay SoloffJay Soloff is the Options Portfolio Manager at Investors Alley. Jay is also the editor for 48-Hour Income, Options Insiders, and co-editor of Weekly Income Accelerator and POWR Income with Tim Plaehn. Prior to joining the online investment world, Jay was a floor trader and market maker on the CBOE, the world's largest options exchange. His experience includes trading a multi-million dollar options portfolio in equities options as well as serving as a consultant to Wall Street options trading groups. Jay also spent time as a senior analyst at a hedge fund of funds, where he analyzed professional options funds as well as traded option strategies for hedging purposes. All told, Jay has 20 years of options trading experience. He received his undergrad degree in Economics at the University of Illinois - Champaign, and his MBA and Master of Science in Information Management from Arizona State University.
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