Nvidia (NVDA) Offering Possible 33.33% Return Over the Next 3 Calendar Days

Nvidia's most recent trend suggests a bullish bias. One trading opportunity on Nvidia is a Bull Put Spread using a strike $352.50 short put and a strike $347.50 long put offers a potential 33.33% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $352.50 by expiration. The full premium credit of $1.25 would be kept by the premium seller. The risk of $3.75 would be incurred if the stock dropped below the $347.50 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 48.21 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 Tumble: Stock Market Rally At Key Level As Coronavirus Cases Pick Up; Analyzing Nvidia, PayPal, Tesla Stock
Mon, 15 Jun 2020 09:53:17 +0000
Dow Jones futures fell sharply. The stock market rally is in flux as coronavirus cases in the U.S. and China increase. Tesla, Nvidia, PayPal are in focus.

Better Buy: NVIDIA vs. Texas Instruments
Sun, 14 Jun 2020 13:22:00 +0000
The semiconductor space is a hot topic these days, and for good reason. While chip sales have tended to generally fluctuate with the economy, we are entering an age dominated by high-powered silicon. As the coronavirus has accelerated trends such as working from home, telemedicine, cloud computing, the Internet of Things, and the race to 5G infrastructure, leading-edge chips are powering the most resilient parts of the economy today.

AMD Takes NVIDIA by Storm, but Can It Keep Up the Pace?
Sat, 13 Jun 2020 13:45:00 +0000
Advanced Micro Devices (NASDAQ: AMD) has been chipping away at arch-rival NVIDIA's (NASDAQ: NVDA) discrete graphics card market share for a few years now, and did it once again in the first quarter of 2020, according to the latest numbers from Jon Peddie Research. Jon Peddie Research's latest discrete graphics processing unit (GPU) report reveals that AMD was sitting on nearly 31% of the market in the first quarter of 2020.

R&D Scale Can Be an Overlooked Competitive Edge for Tech Leaders
Sat, 13 Jun 2020 12:30:00 +0000
AWS, Google Search and Nvidia each show how a market leader's unmatched R&D; budget can make it tough to dislodge.

Why Key Intel Chip Design Exec's Departure Is Positive For AMD, Nvidia
Fri, 12 Jun 2020 16:58:32 +0000
Chipmakers are running a close race as they strive to capitalize on the tech opportunity created by the coronavirus pandemic.Against this backdrop, Intel Corporation (NASDAQ: INTC) announced a key executive departure, and the development is seen as a positive for rivals such as Advanced Micro Devices, Inc. (NASDAQ: AMD) and NVIDIA Corporation (NASDAQ: NVDA).What Happened: Intel announced Thursday that Jim Keller, who served as senior vice president in the Technology, Systems Architecture and Client Group and general manager of the Silicon Engineering Group resigned effective June 11, citing personal reasons.The chip designer had previously worked with AMD, Apple Inc. (NASDAQ: AAPL) and Tesla Inc (NASDAQ: TSLA), according to his bio on Intel's website.At Tesla, which Keller left for Intel, he was vice president of Autopilot Hardware Engineering.Why It Matters: Keller's departure is a big deal, and apparently whatever he was enacting at Intel was not working — or the old Intel guard did not want to enact it, Rosenblatt Securities analyst Hans Mosesmann said in a note.Intel's engineering corporate culture is allergic to outsiders, especially ex-AMDers, the analyst said. “So, the net of this situation for us is that Intel's processor and process node roadmaps are going to be more in flux or broken than even we had expected.”Mosesmann sees Keller's departure as directly beneficial not only to AMD and Nvidia but also to data center plays Broadcom Inc (NASDAQ: AVGO), Marvell Technology Group Ltd. (NASDAQ: MRVL) and Xilinx, Inc. (NASDAQ: XLNX).What's Next: Intel said Keller will stay on as a consultant for six months to assist with the transition. The company also announced executive appointments at the TSCG, naming Sundari Mitra to lead a newly created IP Engineering Group.Gene Scuteri is to head the Xeon and Networking Engineering Group, while Daaman Hejmadi is to return to lead the Client Engineering Group focused on system-on-chip execution.At last check, Intel shares were slipping 1.04% to $59.08.Related Links:AMD Analysts Eye Valuation, PC Risks, Intel Competition After Q1 Report Linux Founder Switches Allegiance To AMD After 15 Years As Intel Customer Latest Ratings for INTC DateFirmActionFromTo Apr 2020SunTrust Robinson HumphreyMaintainsHold Apr 2020WedbushMaintainsUnderperform Apr 2020Wells FargoMaintainsEqual-Weight View More Analyst Ratings for INTC View the Latest Analyst Ratings See more from Benzinga * Apple Could Announce In-House Chips For Macs At WWDC: Report * Here's Why Nio Shares Are Rallying To A Multi-Month High * Why BofA Recommends Buying GPU Plays AMD and Nvidia(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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