Nvidia (NVDA) Offering Possible 61.29% Return Over the Next 35 Calendar Days

Nvidia’s most recent trend suggests a bullish bias. One trading opportunity on Nvidia is a Bull Put Spread using a strike $555.00 short put and a strike $545.00 long put offers a potential 61.29% return on risk over the next 35 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $555.00 by expiration. The full premium credit of $3.80 would be kept by the premium seller. The risk of $6.20 would be incurred if the stock dropped below the $545.00 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 74.54 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 Sinks Over 300 Points; Tech Shares Lead Market Lower
Wed, 09 Sep 2020 17:30:07 +0000
The Dow Jones traded lower for its third day in a row on today’s stock market. The Nasdaq and S&P; 500 also posted declines for the third straight day.

Chip stocks slide amid broader tech weakness
Tue, 08 Sep 2020 15:15:00 +0000
Shares of prominent chip names are sliding in Tuesday’s session amid broader weakness for the tech sector. Chip-equipment stocks Applied Materials Inc. , KLA Corp. , and Lam Research Corp. are each off more than 6% in Tuesday morning trading amid reports that the U.S. is considering putting export restrictions on Chinese chipmaker Semiconductor Manufacturing International Corp. “Investor concern is that Washington DC does not stop with SMIC and that other domestic China semiconductor manufacturers are at risk,” Evercore ISI analyst C.J. Muse wrote, though he said that “a lot of bad news is already priced in.” Shares of Nvidia Corp. and Advanced Micro Devices Inc. are also off in the session. AMD finished with a market capitalization below $100 billion in Friday’s session and it recently had a valuation of about $95 billion in Tuesday trading. AMD’s stock is set to slide for the fourth straight session, which would be its longest losing streak since late June. The PHLX Semiconductor Index has added about 8% over the past three months as the S&P 500 has risen 4%.

Inverse Tech ETFs Jump as Traders Book Profits
Tue, 08 Sep 2020 12:33:22 +0000
Profit takers banked gains in the red-hot tech sector last week. These exchange-traded funds will keep rising if the trend continues.

Dow Jones Futures Fall: How To Handle The Stock Market Rally As Tesla, Big Techs Tumble
Tue, 08 Sep 2020 12:15:01 +0000
Tech futures fell sharply as Tesla dived on S&P; 500 news. The stock market rally could go three ways after its sell-off. Investors should be cautious but stay engaged.

Want to Invest in Emerging Markets? Here’s How to With European, Japanese Stocks.
Mon, 07 Sep 2020 10:00:00 +0000
With hefty amounts of stimulus in Europe to deal with the pandemic, China’s economy beginning to recover, and a weaker dollar, foreign markets are becoming more attractive to U.S. investors. For those looking to dip their toes into emerging markets but not get caught in escalating U.S.-China tensions, one option is investing in European and Japanese companies that get a large share of their sales from emerging markets. Investing in developed markets and global companies—think (NKE) (ticker: NKE) or (CAT) (CAT)—had long been a popular strategy to invest in emerging markets.

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