Nvidia (NVDA) Offering Possible 58.73% Return Over the Next 6 Calendar Days

This article was originally published on this site

Nvidia’s most recent trend suggests a bullish bias. One trading opportunity on Nvidia is a Bull Put Spread using a strike $205.00 short put and a strike $200.00 long put offers a potential 58.73% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $205.00 by expiration. The full premium credit of $1.85 would be kept by the premium seller. The risk of $3.15 would be incurred if the stock dropped below the $200.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Nvidia is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Nvidia is bullish.

The RSI indicator is at 74.04 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Nvidia

How Does Bitcoin Mining Work?
Thu, 07 Nov 2019 23:05:35 +0000
Bitcoin mining is the process by which new bitcoins are entered into circulation, but it is also a critical component of the maintenance and development of the blockchain ledger.

Analyst Warns Of Timing Issue With Nvidia’s Datacenter Launch, But Remains Bullish
Thu, 07 Nov 2019 17:04:37 +0000
“Importantly, suppliers indicated there were no quarter-end deals, and no push for revenue late in the quarter — historically, suppliers say NVIDIA will typically make quarter-end deals if sales are running below expectations, and the lack of this activity should be taken as an encouraging sign,” Caso and Fairbanks wrote in a note. As a result, Raymond James expects a product launch in the first or second quarter of 2020 instead of the current quarter. At time of publication, Nvidia shares traded up 1.4% at $210.50.

Analysts Estimate Nvidia (NVDA) to Report a Decline in Earnings: What to Look Out for
Thu, 07 Nov 2019 15:30:03 +0000
Nvidia (NVDA) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Chart Reading For Beginners: Lessons From Nvidia, Netflix, Facebook
Thu, 07 Nov 2019 14:49:12 +0000
With examples from Facebook, Nvidia and Netflix, see how to spot and profit from three common chart patterns: cup with handle, double bottom and flat base.

Nvidia Q3 Earnings Preview: Buy Surging NVDA Stock Amid Chip Comeback?
Wed, 06 Nov 2019 22:58:10 +0000
Nvidia stock is up 35% in the past three months as Wall Street continues to jump back in the previously high-flying chip stock. So is now the time for investors to buy Nvidia stock?

Be Sociable, Share!

Related Posts