Then you should know that looking at the NVDA NVIDIA Corporation options chain ahead of earnings , I would buy the $210 strike price Puts with 2023-7-21 expiration date for about $24.25 premium. If the options turn out to be profitable Before the earnings release, I would sell at least 50%. I have chosen that expiration date to allow me to be wrong and not close the position and to have a bigger gain by the expiration date, if NVDA keeps going lower.
Looking forward to read your opinion about it.
Trade closed: target reached
Price target reached! NVDA was trading at $204.22 today. Puts were also profitable. We have opened a long position before the close on our trading group.
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