NVDA earnings 2/22 @ 4:20pm

NVDA Q4 January 2023 earnings are on Wednesday 2/22 at 4:20pm. Nvidia (NVDA) reported Q3 October 2022 earnings of $0.57 per share on revenue of $5.9 billion. The consensus earnings estimate was $0.67 per share on revenue of $5.8 billion. Revenue fell 16.5% compared to the same quarter a year ago. The company said it expects Q4 revenue of $5.88 billion to $6.12 billion and, with gross margins of $65.5% to $66.5%, its guidance calculates to non-GAAP earnings of $0.76 to $0.86 per share.

I made a straightforward 1-day (16hr ext.) NVDA lines chart, because the price action response to earnings can go up, down or sideways. Knowing these technical levels going into earnings can be very helpful once the post earnings price action starts and finishes it's moves. Besides NVDA initial earnings reaction post market on Wednesday, these technical levels can be a clear relative gauge of NVDA moves for the rest of the week to close on Friday and really as long as NVDA trades in these bounds too. The numbers that stick out to me the most are $188 on a post earnings drop and $267 for a post earnings pop, which would make the sideways move $221.50. Also, 2/24, 3/17 & 4/21 expiry options data is relatively neutral with likely put hedges.

Q4 January 2023 Consensus:
EPS = $0.81
Revenue = $6.01B

Uptrend trajectory since 10/2022
R3 = 232
R2 = 221
R1 = 210
pivot = 199
S1 = 188
S2 = 177
S3 = 166

Horizontal levels for 16 months:
High = 346
R2 = 307
R1 = 267
mid = 227
S1 = 188
S2 = 148
low = 108

Downtrend trajectory since 10/2021
R3 = 203
R2 = 181
R1 = 155
pivot = 129
S1 = 103
S2 = 77
S3 = 55

2/24 expiry options data:
Put Volume Total 70,557
Call Volume Total 77,335
Put/Call Volume Ratio 0.91
Put Open Interest Total 84,259
Call Open Interest Total 76,845
Put/Call Open Interest Ratio 1.10

3/17 expiry options data:
Put Volume Total 35,166
Call Volume Total 22,613
Put/Call Volume Ratio 1.56
Put Open Interest Total 346,089
Call Open Interest Total 262,515
Put/Call Open Interest Ratio 1.32

4/21 expiry options data:
Put Volume Total 8,108
Call Volume Total 8,429
Put/Call Volume Ratio 0.96
Put Open Interest Total 112,059
Call Open Interest Total 98,148
Put/Call Open Interest Ratio 1.14

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NVDA could gamma squeeze as high as $244 wick into close today, but I doubt it holds tomorrow only because NVDA has a pattern of red on Fridays:

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NVDA put spreads 3/3 expiry overnight hedge just in case if gravity pushes NVDA down tomorrow.

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NVDA FibSMA lines 1 day chart:

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NVDA Quadruple Witching 3/17 expiry options data:
Put Volume Total 14,518
Call Volume Total 6,319
Put/Call Volume Ratio 2.30
Put Open Interest Total 418,548
Call Open Interest Total 308,723
Put/Call Open Interest Ratio 1.36

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NVDA 3/10 expiry $218 trajectory
NVDA 3/17 expiry $208 trajectory

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NVDA 3/10 expiry otm puts before the closing bell.

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NVDA overnight put hedge at $242 idea:

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NVDA overnight put hedge at $260 idea:

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zoom out NVDA 1 month chart levels:

50 SMA channel
high = $413
mid = $275
low = $138

20 VWMA TTCATR
R3 = $347
R2 = $301
R1 = $255
pivot = $205
S1 = $154
S2 = $108
S3 = $62