Nvidia (NVDA) Offering Possible 69.49% Return Over the Next 17 Calendar Days

Nvidia's most recent trend suggests a bullish bias. One trading opportunity on Nvidia is a Bull Put Spread using a strike $172.50 short put and a strike $167.50 long put offers a potential 69.49% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $172.50 by expiration. The full premium credit of $2.05 would be kept by the premium seller. The risk of $2.95 would be incurred if the stock dropped below the $167.50 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 77.11 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

Ray tracing expected to spark graphics revolution in video games
Sat, 27 Jul 2019 09:00:27 +0000
Until now, the world of video games has lacked this kind of naturalistic lighting. A computer graphics revolution that is just reaching video games could be about to change that. Known as ray tracing, the technique has been common for a decade in animated movies, where complex scenes are rendered in large server farms.

Economist Warns of Cold Tech War
Fri, 26 Jul 2019 20:17:40 +0000
BNP Paribas expects a cold tech war The trade war between economic giants China and the United States continues to impact markets. President Donald Trump imposed the first round of tariffs 15 months back. The trade war has since escalated with the US banning China’s telecom giant Huawei over charges of espionage.

Marijuana & Blockchain ETFs: Should You Buy?
Fri, 26 Jul 2019 19:09:07 +0000
Cannabis and blockchain are high-risk, high-reward areas of the market. Should investors consider these ETFs?

Chart Reading For Beginners: 3 Telltale Clues To Look For In Your Stocks
Fri, 26 Jul 2019 15:28:25 +0000
Chart Reading For Beginners: Using examples from Netflix, Nvidia and others, discover three telltale clues that help you see if it's time to buy, sell or hold your stocks.

Micron Stock Is Headed to $56
Fri, 26 Jul 2019 14:41:01 +0000
I recently wrote about going long Micron (NASDAQ:MU) stock, and it has since rallied more than 45%, so it paid very well. When I get this much profits this fast, I usually book most if not all of them.Source: Shutterstock This is not the same as saying to short the stock — it's just the right thing to do while managing a successful active trading portfolio.MU stock has been in a whirlwind, but that's mostly due to outside factors more than any problems of its own. It and the rest of the chip sector are stuck in the line of fire during the U.S. and China's economic war. The two nations are negotiating in the headlines, and stocks like Micron suffer the consequences.InvestorPlace – Stock Market News, Stock Advice & Trading TipsIn spite of this, most recently MU rallied $15 after the April correction. And it looks like it's headed much higher. MU Stock Could Reach $56 Per Share SoonEven though the chart show another $9 in upside potential, it could first suffer a small dip along the way. So if I am fundamentally long Micron stock, I stay with it. But for the cautious shorter-term traders who prefer to be active, they better wait out the next dollar move before initiating a new position. * 7 Oversold Stocks To Buy Right Now This recent rally brings it back to about the halfway point from the correction that started in May of 2018. This is often a natural resistance level. It also matches Fibonacci logic and the machines usually act on them. So MU stock on its way higher may still stumble here, but it should find support around $40 per share. I would chase it up once it clears the next $2.Fundamentally, Micron stock is cheap but could get much cheaper. Just recently, it fell to under 3 price-to-earnings ratio. However Wall Street is convinced that this MU is a value trap and it has the tendency to lock people into it on the premise of it being cheap. So that alone is not a reason to own it.The semiconductor industry as a whole has a bright future ahead. The world now demands more technology than ever, and this is a trend that will exponentially build from here. There are only a few suppliers for this technology and Micron is one of them.Last night Intel (NASDAQ:INTC) reported a strong report so it's more proof that these companies are thriving in spite of the headwinds. They are doing all they can in order to offset the effects of the political headlines that are wreaking havoc with the natural order of business.The demand for Micron products and services can only increase, and since management is a proven winner, the stock will be higher in the future. Of course it will need the help of the overall stock market. MU won't fall on its own, so if the market is higher in the future then so it is MU stock.Since MU has a ton of value, it makes it a good candidate for selling options. This way traders can use the value to generate income without any out-of-pocket expenses.For example I can sell the January $35 put and collect $1.20 per contract. This way I don't even need a rally to profit. If Micron stock stays above my level, then I win 100%. The worst-case scenario is that I own the shares and break even at $33.80 per share.Since the S&P 500 is near all-time highs, taking any bullish position is risky enough from that perspective. So I make sure that I don't take full positions at these levels. This way I leave room to add in case markets correct. And I never risk more than I can afford to lose.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. Join his live chat room free here. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Oversold Stocks To Buy Right Now * 7 Stocks to Buy Upgraded by Wall Street * 7 Marijuana Stocks With Critical Levels to Watch The post Micron Stock Is Headed to $56 appeared first on InvestorPlace.

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