Then Analyzing the options chain of NVDA NVIDIA Corporation prior to the earnings report this week, I would consider purchasing the 360usd strike price Calls with an expiration date of 2024-1-19, for a premium of approximately $31.75 If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Trade closed: target reached
NVDA reached $394.80 after earnings, and those calls went from $31.75 to $86.10 for a 3.71X profit. Most analysts upgraded the price target for NVDA to $500 today, but for me, it's an exit. Congrats to all who took the call!
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