Call Options on NVDA on 11/11/2014

NVIDIA Corporation (NVDA) operates as a visual computing company.

The company operates through two segments, GPU and Tegra Processors.

The GPU segment offers GeForce for consumer desktop and notebook personal computers; Quadro for professional workstations; Tesla for high-performance servers and workstations; and NVIDIA GRID for server graphics solutions.

The Tegra Processors segment offers Tegra processors for smartphones, tablets, gaming devices, and other computer devices, such as Windows RT-based devices, set-top boxes, chromebooks, clamshells, and others; Icera baseband processors and radio frequency transceivers for mobile connectivity; Tegra NOTE, a tablet platform based on Tegra 4; Tegra VCM, a Tegra-based vehicle computing module that integrates an automotive computer into a single component; and SHIELD, an android gaming device for digital content in the cloud.

The company’s products are used in gaming, design and visualization, high performance computing, data center, and automotive and smart device markets. NVIDIA Corporation sells its products to equipment manufacturers, original design manufacturers, system builders, motherboard manufacturers, and add-in board manufacturers in the United States, China, Taiwan, the rest of Asia Pacific, Europe, and other Americas. 

Shares have formed a bullish "cup and handle" and higher share prices are expected for this stock.

52-Week Trading Range: $14.90 - $20.69

Last Trade: $20.02

Trade Buy 1 December $19.00 Call at $1.25 For a net debit of $1.25 Profit/Loss Analysis Breakeven at $20.25 Maximum profit is unbounded Maximum loss is ($125.00) at strike of $19.00 Closing Summary Sold 1 December $19.00 Call at $2.18

Position closed on 11/28/2014 at price of $2.18 with a 74.40% gain in 17 days.

Updates

11/28/2014 11:59:22 AM

We are taking profits on NVDA Call options. Closed at $2.18.

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