Jim Strugger's NVIDIA Trade

Jim Strugger of MKM Holdings spoke on Bloomberg Markets about NVIDIA Corporation (NASDAQ: 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'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 breakeven for the trade is at $37.30 and Strugger can maximally make a profit of $3.80.