Buy 100 shares of nvidia at $104, simultaneously short sell a call option at $110 (around $8), then short sell a put option at $80 (around $3). If it drops to $80, I am happy to buy 100 shares to make up for the position. If it does not drop to $80, I will earn $300 in premium, plus $800 for the call option. If it rises above $110, then I will profit $600 from selling the $104 stocks, plus $300 and $800 in premium, totaling $1700.
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