You could buy 100 shares of $NBIS for $20,500.
Or you could sell the $190 put expiring November 20 and collect $1,350 to wait.
Nebius is scaling aggressively as a pureplay AI cloud provider. Q2 2026 revenue hit $582M, up 454% YoY, with a $3B annualized run rate. Management targets $7B–$9B ARR by end of year, backed by $40B in contracted backlog, including major deals with Microsoft and Meta.
After pulling back from $250 in early October, $NBIS is offering elevated option premiums amid broader AI sector selling.
The $190 put carries 70–75% IV, 0.30 delta, 38 DTE, and a 7% cushion. The trade offers a 6.6% return on capital, or 60%+ annualized.
Earnings are expected around November 10, before expiration, so this trade carries event risk.
If $NBIS approaches $190 and the thesis holds, you could roll down and out for another credit. If assigned, your cost basis would be $176.50, around 14% below today’s price, and you could sell covered calls.
Only sell this put if you’d genuinely want to own $NBIS at $176.50.
Not financial advice.
For reference, here are some of my favorite calls from just the past year:
- $DELL at $230 → flew 150%
- $MU at $500 → flew +150%
- $SNDK at $1,000 → flew +135%
- $ZETA at $15 → flew +120%
- $META at $540 → flew +40%
Many will regret not following sooner.
I'm only going to say this ONCE.
If you're under 49, this market CRASH could be a generational time to BUY extremely undervalued stocks at a discount.
Here are 5 stocks with 10x potential:
1. $IREN at $35, down -54% from ATH
Can someone please explain how the f*ck $IREN didn’t even move an INCH after landing a multi-year deal with Anthropic?
$35 here is looking like a steal…