The daily chart on NVDA looks like its forming a downtrend. If it breaks 42.90 that would be a sure sign. Already looks really weak.
So I'd sell a march call spread and buy March puts with the credit.
Since I am pretty bearish, i would sell the 45/47.5 call spread (if its available) and buy the 42.5 puts, but to be conservative you could sell the 47.5/50 call spread and buy the 40 puts.
If you don't see the downtrend starting, but instead see NVDA at the bottom end of a range(bullish), you could buy FEB 45 calls and March 47.5 Calls and sell March 42.5/40 put spread. Leg into a butterfly if price goes to upper end of range, or short stock agaiinst 47.5 Calls.
