NVDA Options in March 2027: Discovering Interesting Income and Growth Opportunities

Fresh options contracts for NVIDIA Corp (NVDA) recently began trading with a March 2027 expiration date, creating some interesting opportunities for strategic traders. With roughly 408 days remaining until expiration, these newly available contracts offer extended time value—a key advantage for investors seeking higher premiums compared to shorter-dated options. Through analysis of the complete NVDA options chain using advanced pricing models, two particularly interesting contracts have emerged as worthy of investor attention.

An Interesting Income Strategy: The Put Selling Approach

The put contract at the $170.00 strike price carries a current bid of $24.35, presenting an interesting alternative for investors with a bullish stance on NVIDIA stock. For an investor willing to sell-to-open this put, the mechanics are straightforward: you commit to purchasing shares at $170.00, but simultaneously collect the $24.35 premium. This arrangement transforms your effective purchase price to $145.65 per share (before commissions)—an interesting savings compared to the current market price of $176.90.

What makes this approach particularly interesting is the built-in margin of safety. The $170.00 strike sits approximately 4% below the current stock price, meaning the option is out-of-the-money by that margin. This creates an interesting scenario where there’s a 67% probability the put expires worthless according to current analytical data. Should that happen, the $24.35 premium translates to a 14.32% return on your cash commitment, or 12.82% annualized—what analysts call the YieldBoost metric.

The trailing twelve month trading history shows NVDA’s price movements with the $170.00 strike highlighted, giving investors a valuable perspective on whether this strike price represents an interesting entry point relative to recent trading patterns.

An Interesting Growth Strategy: The Covered Call Approach

Shifting focus to the call side reveals another interesting opportunity. The call contract at the $200.00 strike price carries a current bid of $27.20. An investor executing a covered call strategy would purchase NVDA shares at today’s price of $176.90, then sell-to-open this call contract. This locks in a committed sale price of $200.00 at March 2027 expiration.

The mathematics here are interesting: combining the stock appreciation with the collected premium yields a total return of 28.43% if shares get called away at expiration (excluding any dividends and before commissions). For investors comfortable with capping upside potential in exchange for defined returns, this presents an interesting risk-reward balance.

Since the $200.00 strike represents roughly a 13% premium above the current price, there’s an interesting secondary scenario to consider: the call expires worthless. In this case—with current odds at 46%—you keep both your shares and the full premium collected. The premium alone would provide a 15.38% return boost, or 13.76% annualized through the YieldBoost calculation.

The Volatility Picture: What Makes These Contracts Interesting

The implied volatility metrics reveal interesting nuances. The put contract shows 47% implied volatility while the call shows 46%, compared to the actual trailing twelve month volatility of 44% (calculated using the last 251 trading day closing values plus today’s price). These numbers are important context for understanding whether premiums are historically elevated or subdued.

Both strategies require careful consideration of NVIDIA’s business fundamentals and your personal risk tolerance. The put approach appeals to investors seeking income through disciplined accumulation, while the covered call strategy suits those looking to enhance returns on an existing or planned position. Either way, the extended timeframe to March 2027 expiration creates interesting premium opportunities that merit serious evaluation by experienced options traders.