01 — NVDA · COVERED CALLS

Best NVDA covered calls setups.

Pick how long you want to wait and how much risk you'll take. We score every live strike across the next 3 expirations and surface the top setups — updated hourly.

Higher realized swings and elevated implied volatility tied to AI narrative shifts.

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NVIDIA
Semiconductors
NVDA
$204.64-10.4% / 30d
IV rank (1y)
41% · moderate
Next earnings
Nov 17
Market cap
$4.94T
P/E (fwd)
12.9
Dividend
$0.28 · Sep 10
Option vol
441K /day

02 — Live setups

Suggested strikes

Choose your time horizon and risk band. Every match is scored on return, premium, and probability of profit.

Days to expiration
Probability of profit
Sort by
Top pick
$215 call · Dec 4
34 DAYS · 5.1% OTM · SELL TO OPEN
Credit
$660
Return
3.23%
PoP
61%
StrikeExpirationCreditReturn ↓PoP
$215
5.1% OTM
Nov 27
27 days
$595
$5.95 / share
2.91%62%
$220
7.5% OTM
Dec 4
34 days
$485
$4.85 / share
2.37%68%
$220
7.5% OTM
Nov 27
27 days
$430
$4.30 / share
2.1%70%
$470
129.7% OTM
Nov 27
27 days
$8
$0.08 / share
0.04%70%
$390
90.6% OTM
Nov 27
27 days
$4
$0.04 / share
0.02%70%
$410
100.3% OTM
Nov 27
27 days
$4
$0.04 / share
0.02%70%
$420
105.2% OTM
Nov 27
27 days
$4
$0.04 / share
0.02%70%
$450
119.9% OTM
Nov 27
27 days
$3
$0.03 / share
0.01%70%
$400
95.5% OTM
Nov 27
27 days
$0
$0.00 / share
0%70%
10 of 16 matchesCustomize filters →

03 — Strategy

Covered Calls, plainly explained

Neutral-to-mildly bullish traders focused on steady premium collection.

P&L at expiration · $215 call · 34 DTE

$0+$1,696losses$198.04 BREAKEVEN$215 STRIKE

Key numbers

Premium collected+$660
Max profit+$1,696
Breakeven$198.04
Capped above$215
Probability of profit61%
Days to expiration34

When this trade makes sense

Use when

  • ✓You already own 100+ shares of the stock
  • ✓You'd be fine selling at the strike price
  • ✓You think the stock goes flat or slightly up
  • ✓IV rank is elevated — premiums are rich

Avoid when

  • ✕You think the stock is about to rip higher
  • ✕You're attached to the shares (tax, conviction)
  • ✕Earnings are inside the expiration window
  • ✕Premiums are unusually low — nothing to collect
Read the full covered calls guide →

05 — RUN IT LIVE

See the highest chance of profit on NVDA.

Alpha Hawk scans live chains and recommends setups based on current market conditions.

Analyze NVDA free →