NVDA earnings 11/21/23

NVDA earnings are next Tuesday, 11/21/23, at 4:20pm. NVIDIA (NVDA) reported earnings of 2.79 per share on revenue of 13.51 billion for fiscal Q2 ending July 2023. The consensus earnings estimate was 2.09 per share on revenue of 11.09 billion. The company beat expectations by 30.99% while revenue grew 101.48% on a year-over-year basis. The company said it expects third-quarter revenue of 15.68 billion to 16.32 billion, with gross margins of approximately 72.5%, which implies non-GAAP earnings of 3.17 to 3.47 per share.

Q3 October 2023 consensus:
EPS = 3.16
Revenue = 16.12 B

Moving averages:
SMA50 = 443
SMA100 = 447
SMA200 = 369
AVWAP = 350

Angle of trajectory:
6 month = 460
YTD = 523
4 year = 358

Options data:
Exp Date Put/Call OI
2023-11-17 0.9756
2023-11-24 0.7594
2023-12-01 0.6115
2023-12-08 0.7662
2023-12-15 0.7986
2023-12-22 0.8062
2023-12-29 1.2591
2024-01-19 0.9816
2024-02-16 0.7802
2024-03-15 1.552
2024-04-19 2.1658
2024-05-17 1.7528
2024-06-21 1.1359
2024-09-20 1.4871
2024-12-20 0.9676
2025-01-17 1.5738
2025-06-20 1.1192
2025-12-19 1.0876
2026-01-16 1.1469

Comment:

*options use 100x leverage you could lose everything*

There are many types of options trading strategies and positions, simple to sophisticated & hybrids. I group them into theta, delta or mix strategies and bull, bear or neutral positions. There's a buy side and sell side to every trade. If you check the open interest (OI), you can see how liquid it is. Check how wide the bid vs ask spread is.

Theta:
iron condor
iron fly
covered call
cash secured put
calendar spread
collar

Delta:
call
put
straddle
strangle
debit spread
credit spread

Bull:
call
put credit spread
call debit spread
cash secured put

Bear:
put
call credit spread
put debit spread
covered call

Neutral:
straddle
strangle
iron condor
iron fly
collar (often used for downside insurance)
calendar spread (short or long time)

Options important variables:
Strike = share price
itm, atm, otm = strike position
Expiry = Date of expiration
Value = H, L & Mark
Liquidity = bid vs ask spread
Direction = put or call
OI = open interest
V = volume
IV = implied volatility
Delta = price
Theta = time
Vega = volatility
Gamma = momentum

Comment:

NVDA 11/17/23 update:
Time-it indicator with Friday color blue and last 10 Friday's statistics.

Comment:

11/20/23 NVDA options data:

11/24 expiry
Put Volume Total 80,185
Call Volume Total 112,064
Put/Call Volume Ratio 0.72
Put Open Interest Total 120,304
Call Open Interest Total 156,021
Put/Call Open Interest Ratio 0.77

Comment:

NVDA 1 day until earnings. Will it go into its earnings release at ATH setup?

Comment:

NVDA trade idea:
Sell 12/15/23 call 420
Buy 12/15/23 call 460
risk = 680
reward = 3300