Nvidia (NVDA) Offering Possible 28.21% Return Over the Next 22 Calendar Days

Nvidia's most recent trend suggests a bullish bias. One trading opportunity on Nvidia is a Bull Put Spread using a strike $345.00 short put and a strike $340.00 long put offers a potential 28.21% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $345.00 by expiration. The full premium credit of $1.10 would be kept by the premium seller. The risk of $3.90 would be incurred if the stock dropped below the $340.00 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 73.28 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

NVIDIA's Data Center Business Is Now Almost as Big as Gaming
Sun, 24 May 2020 18:42:00 +0000
A great deal of work is starting to pay off, so the company can justify doing even more to address that market.

Tech conferences are going virtual, and it feels like Netflix content on demand
Sat, 23 May 2020 14:49:00 +0000
Such is the new world of tech conferences in the age of COVID-19. They’ve gone all-digital, like Build and GTC Digital, and may never be the same. Absent a vaccine, the days of thousands of people herded into hotel ballrooms and convention centers like cattle, sharing cabs and eating in cramped quarters, are gone.

Coronavirus update: U.S. death toll approaches 100,000 as CDC’s testing practices are criticized by health experts
Sat, 23 May 2020 14:43:00 +0000
The U.S. death toll from the coronavirus that causes COVID-19 edged closer to 100,000 on Friday, as the news emerged that the Centers for Disease Control and Prevention has been combining the results of two different types of tests for the illness in a move that has been sharply criticized by health experts.

Where Will Advanced Micro Devices Be in 1 Year?
Sat, 23 May 2020 12:30:00 +0000
One of the biggest winners in the semiconductor space over the past few years has been Advanced Micro Devices (NASDAQ: AMD). The CPU and GPU designer had long been an also-ran in the chip space, with minimal market share relative to CPU leader Intel (NASDAQ: INTC) and GPU leader NVIDIA (NASDAQ: NVDA). Look no further than AMD's stock price relative to the market for the last five years as evidence of its renaissance under CEO Lisa Su, who took over in 2014.

Stocks End Mixed Amid U.S.-China Tension – Fauci Calls Vaccine Data ‘Promising'
Fri, 22 May 2020 20:11:00 +0000
Stocks finish mixed Friday as U.S.-China tensions heat up. Dr. Anthony Fauci calls data on a potential coronavirus vaccine “promising.”

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