Scott Bauer's NVIDIA Options Trade

Scott Bauer spoke on Bloomberg Markets about a bullish options strategy in NVIDIA Corporation (NASDAQ: NVDA).

He explained that the options market is currently implying a move of $5 to $6 in either direction in NVIDIA, going out to December. Bauer thinks the stock is heading up and he wants to buy the December 96/100 call spread for $1.

The trade breaks even at $97 or approximately 3 percent above the current stock price and it can maximally make a profit of $3 if the stock jumps to $100.