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David Bartosiak's NVIDIA Trade

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David Bartosiak of Zacks.com spoke on Bloomberg Markets about an options trading strategy in NVIDIA Corporation (NASDAQ: NVDA).

He was bullish on the stock for a long time, but he thinks it's now trading close to its top. He believes it would be a good idea to sell the November 75/77 call spread in NVIDIA for a total credit of $0.45.

If the stock trades below $75 at the November expiration, Bartosiak is going to collect $0.45. The trade starts to lose money above $75.45 or 11.66 percent above the current stock price. It can maximally lose $1.55.

 

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Posted-In: Bloomberg Markets David BartosiakOptions Markets Media

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