Call Spread on NVDA on 6/21/2021

NVIDIA Corporation (NVDA) operates as a visual computing company worldwide. It operates in two segments, Graphics and Compute & Networking.

The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise design; GRID software for cloud-based visual and virtual computing; and automotive platforms for infotainment systems.

The Compute & Networking segment offers Data Center platforms and systems for AI, HPC, and accelerated computing; Mellanox networking and interconnect solutions; automotive AI Cockpit, autonomous driving development agreements, and autonomous vehicle solutions; and Jetson for robotics and other embedded platforms.

The company's products are used in gaming, professional visualization, datacenter, and automotive markets. NVIDIA Corporation sells its products to original equipment manufacturers, original device manufacturers, system builders, add-in board manufacturers, retailers/distributors, Internet and cloud service providers, automotive manufacturers and tier-1 automotive suppliers, mapping companies, start-ups, and other ecosystem participants.

Nvidia Corporation reported 1st Quarter April 2021 earnings of $3.79 per share on revenue of $5.7 billion. The consensus earnings estimate was $3.28 per share on revenue of $5.4 billion. Revenue grew 83.8% on a year-over-year basis.

The company said it expects second quarter revenue of $6.174 billion to $6.426 billion, and non-GAAP gross margins of 66.0% to 67.0%, which calculates to non-GAAP earnings of $4.03 to $4.46 per share. The current consensus earnings estimate is $3.29 per share on revenue of $5.49 billion for the quarter ending July 31, 2021.

This stock should increase with NFTs popularity rising, the company's crypto sector is surely to rise.

We will be trading a July 9th Call Spread

Last Trade: $745.55

Trading Range: $356.00 - $775.00

Trade Buy 1 July $745.00 Call at $26.00 Sell 1 July $755.00 Call at $21.90 For a net debit of $4.10 Profit/Loss Analysis Breakeven at $749.10 Maximum profit is $590.00 at strike of $755.00 Maximum loss is ($410.00) at strike of $745.00 Closing Summary Sold 1 July $745.00 Call at $32.00 Bought 1 July $755.00 Call at $25.00

Position closed on 6/23/2021 at price of $7.00 with a 70.73% gain in 2 days.

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