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Income Masters Trade Alert: NVDA

The chip sector is rallying after the House approved a $280 billion bill focused on domestic semiconductor manufacturing.

Let’s book profits on our NVIDIA (NVDA) put, earning a 52% annualized rate of return.

Current Stock Price: $187.26

Cash in Hand: $1.79

Action: Buy to close the NVDA Aug Week Two (8/12) 160 Put for around $0.65, but adjust as needed to close today

Profit: $1.14, or $114 per contract

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