NVDA reports earnings next week. The chip manufacturer had a poor performance in the past few months as its stock price halved. Expectations are quite low going into the report. The chart is getting very tight. In case of a beat, we may witness a disproportional move to the upside. The first big resistance area is $200-210. We bought some $185 calls for this binary event. Never take stock into earnings in order to avoid possible big drops. In case we have a pre-earnings rally, we will look to create a spread by selling the $200 calls. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.