Nvidia Inc (NVDA) produced strong free cash flow Q2 results on Aug. 28, albeit lower than last quarter. Its FCF margin was stayed high at 45%. This implies NVDA stock is still worth over 55% more at $184 per share. Shorting out-of-the-money (OTM) put options is a way to play this that makes sense. NVDA stock is at $118.18 in morning trading on Friday, Aug. 30. The stock has dropped since a peak of $130 on Aug. 19, but it’s been relatively flat for the last three months. This makes it ideal for selling short OTM puts. More on this below. I discussed this in my recent Aug. 13 Barchart article, “…