01 — NVDA · WHEEL STRATEGY

Best NVDA wheel strategy 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.

Find the best strikes →FREE · 20 ANALYSES/DAY · NO CARD
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
Cash-secured put · first leg of the wheel
$200 put · Dec 4
34 DAYS · 2.3% OTM · SELL TO OPEN
Credit
$845
Return
4.13%
PoP
61%
StrikeExpirationCreditReturn ↓PoP
$200
2.3% OTM
Nov 27
27 days
$778
$7.78 / share
3.8%61%
$195
4.7% OTM
Dec 4
34 days
$658
$6.58 / share
3.22%68%
$195
4.7% OTM
Nov 27
27 days
$595
$5.95 / share
2.91%68%
$190
7.2% OTM
Dec 4
34 days
$515
$5.15 / share
2.52%74%
$190
7.2% OTM
Nov 27
27 days
$442
$4.42 / share
2.16%75%
$60
70.7% OTM
Nov 27
27 days
$5
$0.05 / share
0.02%70%
$55
73.1% OTM
Nov 27
27 days
$0
$0.00 / share
0%70%
$65
68.2% OTM
Nov 27
27 days
$0
$0.00 / share
0%70%
$50
75.6% OTM
Dec 4
34 days
$0
$0.00 / share
0%70%
10 of 11 matchesCustomize filters →

03 — Strategy

Wheel Strategy, plainly explained

Traders who want to own quality stocks at lower cost basis while generating premium income on both sides.

P&L at expiration · $200 put · 34 DTE

$0+$845losses$191.55 BREAKEVEN$200 STRIKE

Key numbers

Premium collected+$845
Max profit+$845
Breakeven$191.55
Capped above$200
Probability of profit61%
Days to expiration34

When this trade makes sense

Use when

  • ✓You're willing to start by selling cash-secured puts
  • ✓You'd be happy owning the stock if assigned
  • ✓You can hold long-term if assigned at a lower price
  • ✓IV rank is elevated — both legs pay better premium

Avoid when

  • ✕You can't tie up the cash for the put leg
  • ✕You don't want this stock at any price
  • ✕Earnings are inside the expiration window
  • ✕Premiums are unusually low — nothing to collect
Read the full wheel strategy 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 →