NVDA reports Q2 tomorrow. Market expects $46B revenue and $1 EPS, with guidance around $52B+. Analysts are still bullish with $200-$215 targets, but that kind of call isn't really applicable for smart, strategic options traders!
So... This is probably the highest-probability way to trade NVDA earnings tomorrow: a classic OJ Earnings Jade Lizard with no upside risk. 82% probability of profit. Max profit: $607 if NVDA drops.
Why Earnings Jade Lizard?
- IV is inflated, so selling premium makes sense,
- No upside risk (critical with a name like NVDA),
- Still pays on a drop, manageable risk with adjustments.
Just sharing for inspiration - not financial advice.