$NVDA Earnings Play | What's The Move NVDA

Nvidia ($NVDA) Gains But Lags Market: What You Should Know

Technical Analysis Going Into Earnings | NVDA

The Plays:
- Bullish Call: $400 Call 8/21 | Currently sitting at $1783 (preferably we will wait for a down day to enter) Thinking $400 will be a solid sell wall.
- Bearish Put (entry late August): $350 Put 12/18 |Patience will pay


My standpoint on NVDA is rather bullish, sitting up 20% from pre-covid highs. If we breakout, we will look to play the continuation without a strong set target.

Zooming out we can see a iffy rising wedge formed, will this be enough to contain the beast & send it down?

(rising wedge: formed 391 days ago)

Quick News Updates:

• NVDA will be looking to display strength as it nears its next earnings release. In that report, analysts expect NVDA to post earnings of $1.95 per share. This would mark year-over-year growth of 57.26%. Meanwhile, our latest consensus estimate is calling for revenue of $3.65 billion, up 41.71% from the prior-year quarter.
  
• The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.66% higher within the past month. NVDA is currently a Zacks Rank #2 (Buy).
  
• NVIDIA still generates the largest share of its revenue from gaming, but it's no longer just a gaming company. It's applied its expertise in computing power to data centers, a key component of the red-hot cloud computing space, and to the market for artificial intelligence (AI).
  

DotcomJack | DM Always Open

Do not trade this, I am not a trained professional nor am I a financial advisor

Comentarios:

$400 call 8/21 is now worth $3,963 per contract...

Easy Loot