With Earnings Behind It, Nvidia Stock Looks Ripe for Covered Calls

The broader market followed the same path. The S&P 500 Index ($SPX) opened strong, up about 1.5% on Nvidia’s results, but faded sharply into the close and ended down roughly 1.5%. The three-point swing stood out even in a volatile season.By the close on Nov. 20, NVDA had not only surrendered its entire post-earnings gain, it had also slipped below the prior day’s close, finishing near $181.Initially, the stock responded the way many expected. NVDA rallied about 5% after the release, climbing near $197 and i ...