NVDA earnings 11/18 at 4:20pm, target & range

NVDA earnings is 11/18 at 4:20pm. Nvidia is a bit faster and uses a little less power than AMD, for roughly the same price. My bullish target is $600, but that comes with a caviat. And the trend channel range is $500 low - $560 mid- $630 high, so that doesn't help at all. The company said it expects Q3 revenue of $4.31 billion to $4.49 billion, with earnings of $2.41 to $2.70 per share. The current consensus earnings estimate is $2.17 per share on revenue of $3.97 billion. Even though I'm expecting an earnings beat and I'm bullish in theory, my concern is that if you take in the market dynamics as a whole, we don't know for sure if the smart money (institutional investors), will have pivoted away from or towards more technology investment by Wednesday. lol. Some positive indications are that RSI is showing oversold the past month, but turning toward strength and volume MA is increasing recently. I'm thinking of a workable strategy here for risk management and still catch a good profit. All expiry dates, 11/20 & 11/27 yada, puts and calls are just too expensive, risk : reward ratio could be 100% risk : 100% reward and 1:1 ain't so wonderful. Last I checked, a 11/20 $540 straddle was going for $38.13 ($3813), that doesn't leave a lot of room for profit, unless there's definitely a big price movement. I'm just going to watch this for another 24hrs and see if there's a better idea, otherwise I'm just going to sit out on this one. Sometimes the best trade is not to trade at all. We'll see. Do your own due diligence, your risk is 100% your responsibility. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny for a month it = $5,368,709. Good luck and happy trading friends...

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Note

Today is a good day to go long NVDA once the earnings players are washed out...

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