David Bartosiak of Zacks.com shared with the viewers of Bloomberg Markets his bullish options trading strategy for NVIDIA Corporation NVDA.
He explained that the company is getting into autonomous driving and he sees that as a positive catalyst for the stock. NVIDIA is going to post earnings on February 17 and Bartosiak wants to buy a call option that expires on February 19. Specifically, he wants to buy the February 28.50 call for $1.30.
The breakeven for the trade is $29.80 or 5.6 percent higher from the closing price on Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.