Nvidia (NVDA) Offering Possible 44.93% 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 $520.00 short put and a strike $515.00 long put offers a potential 44.93% 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 $520.00 by expiration. The full premium credit of $1.55 would be kept by the premium seller. The risk of $3.45 would be incurred if the stock dropped below the $515.00 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 52.82 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

Intel CEO: ‘We will pursue opportunities with Apple'
Tue, 23 Mar 2021 23:22:20 +0000
Intel CEO Pat Gelsinger offers an update tone on the company's relationship with Apple.

Report: Nintendo Will Turn to NVIDIA to Power Its Switch Pro Console
Tue, 23 Mar 2021 21:49:00 +0000
Nintendo (OTC: NTDOY) has long been rumored to be readying an upgraded version of its popular Switch video game console. A report published by Bloomberg on Tuesday says that the company will be turning to NVIDIA (NASDAQ: NVDA) for hardware to power the device. The Bloomberg report also suggests that the new video game console will launch this year at a price point between $350 and $400.

Intel doubles down on chip manufacturing with $20 billion investment
Tue, 23 Mar 2021 21:05:26 +0000
Intel plans to build two new chip factories in Arizona.

Is Nvidia Stock A Buy After Steep Decline, Tech Sell-Off?
Tue, 23 Mar 2021 18:37:50 +0000
Nvidia chips power a future of self-driving cars and cloud gaming, while the global semiconductor market is in a supply crunch. Is Nvidia stock a good buy now?

Dow, Tech Stocks Fall As Powell Calls U.S. Economy ‘Much Improved'; Boeing In Buy Range, While Tesla Rallies
Tue, 23 Mar 2021 16:04:06 +0000
The Dow Jones Industrial Average fell over 100 points as Fed Chairman Powell called the U.S. economy “much improved.” Tesla stock reversed higher.

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