Create a Costless Collar for Your NVDA

Do you have clients or your own portfolios with huge tech gains ? Set your practice apart & do more with options strategies such as a costless collar.  Mike Tosaw  explains.

NVIDIA Protective puts Covered Calls
$185.54/share
(Oct 6, 2025)
169$ Strike (8.9% downside) $210 Strike (13.2% upside)
Collar expiration
Jan 16, 2026 (102 days)
In-the money probability: 34.5% In-the money probability: 27.4%
Net Cost
Credit of $100
Cost $23,100
($7.70/contract X 30 contracts)
Income $23,200
($8.00/contract X 29 contracts)