Nvidia (NVDA) Offering Possible 23.46% Return Over the Next 8 Calendar Days

Nvidia's most recent trend suggests a bullish bias. One trading opportunity on Nvidia is a Bull Put Spread using a strike $255.00 short put and a strike $250.00 long put offers a potential 23.46% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $255.00 by expiration. The full premium credit of $0.95 would be kept by the premium seller. The risk of $4.05 would be incurred if the stock dropped below the $250.00 long put strike price.

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

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

The RSI indicator is at 66.18 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

Dow Jones Futures: A Coronavirus Stock Market Rally Test To Save Your Portfolio; Vertex, Amazon, TAL In Focus
Wed, 08 Apr 2020 04:40:04 +0000
Dow Jones futures: The coronavirus stock market rally reversed lower, hitting bullish moves from Microsoft, Nvidia, Vertex and more. Here's a test to avoid being burned at the open.

Chart Reading For Beginners: What's In A Stock Chart? Why Use Charts?
Tue, 07 Apr 2020 16:30:12 +0000
When you first start learning how to read stock charts, it can be a little intimidating. But you can quickly get up to speed with this new series on Chart Reading For Beginners.

Nvidia Stock Tests New Breakout In Coronavirus Market Rally, But Is It A Buy Now?
Tue, 07 Apr 2020 15:43:50 +0000
Nvidia earnings are booming again. Nvidia stock is once again a chip leader with a new buy point. But is it a good buy in the coronavirus stock market rally?

Nvidia Reverses From Buy Zone
Tue, 07 Apr 2020 15:14:04 +0000
Nvidia jumped above a 275.50 cup-with-handle buy point at the open, but reversed lower. Looks like it'll try to hold 50-day line. Example of why it's good to wait 30/60 minutes after open to see how stock

NVIDIA Stock Falls 3%
Tue, 07 Apr 2020 14:43:00 +0000
Investing.com – NVIDIA (NASDAQ:NVDA) Stock fell by 3.05% to trade at $259.93 by 14:41 (18:41 GMT) on Tuesday on the NASDAQ exchange.

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