CRWV has been riding a wave of market attention, thanks in no small part to NVDA’s involvement in its setup.

Back in April, the stock was trading around $35. In just three short months, it catapulted to $184 — an explosive (425%) gain. Recently, the price pulled back to the low $100s before staging a brief rebound.

One thing that stands out with CRWV is its exceptionally high option premiums, making it a lucrative playground for option sellers who can get the direction correctly. About two weeks ago, I sold a cash-secured put well out of the money and still managed to collect a solid premium. As expected, the option expired worthless, letting me pocket the full premium.

Now, with earnings coming up this week, I’m watching closely. I currently hold a strangle — short put and short call — and I’m anticipating some fireworks when those numbers drop.