Jim Strugger's NVIDIA Corporation Trade

Jim Strugger of MKM Holdings spoke on Bloomberg Markets about NVIDIA Corporation NVDA. He believes that the stock could trade higher after the analyst day on April 5 as one of the key points on the analyst day could be the usage of NVIDIA Corporation's graphic processing units for machine learning for cloud applications. To make a bullish bet he would buy the June 36/41 calls spread for $1.30. The break even for the trade is at $37.30 and Strugger can maximally make a profit of $3.80.