Call Options on NVDA on 8/23/2021

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. 

Shares are on the cusp of a breakout from their "double bottom" formation. Higher share prices are expected.

We will be trading September 3rd Call options

Last Trade: $208.16

Trading Range: $115.665 to $208.75

Trade Buy 1 September $210.00 Call at $5.15 For a net debit of $5.15 Profit/Loss Analysis Breakeven at $215.15 Maximum profit is unbounded Maximum loss is ($515.00) at strike of $210.00 Closing Summary Sold 1 September $210.00 Call at $18.75

Position closed on 9/3/2021 at price of $18.75 with a 264.08% gain in 11 days.

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