Nvidia (NVDA) is finally showing signs of profit-taking, suggesting that the entire technology sector might be ready for a breather.
This could present many bearish trading setups in various stocks because of the influence Nvidia has had leading the AI bubble.
For now, let's focus on making a bearish trade in the Invesco QQQ Trust , an ETF that tracks the Nasdaq 100 index.
The Trade The trade structure I have chosen here is called a Bear Call Spread also known as a Call Credit Spread.
As long as QQQ stays below $483 in the next 17 days, this trade will return a 38% ROI on the money risked.
Persons:
Nishant Pant
Organizations:
Nvidia, Trust, CNBC, NBC UNIVERSAL