NVIDIA Corp (NVDA)

[Rational Assessment]

Heading into earnings, consider the following to hedge your unrealized OPTION profits and also have the opportunity to potentially make money on both sides of the hedge.

Assuming your in the $$$ with your Call position(s), buy Puts at the same strike price but with a shorter duration...Novs or Decs at most if you are in January or further out with the calls.

Before the ER, Citron will come out with their usual negative call to try to get back some of the enormous losses they have incurred and some of the floor traders on the NYSE will try to do the same. If their is ONE small imperfection in the earnings release, NVDA could be down 5 to 10% for a day or two. If this happens not only have you properly hedged your risk, but can trade of the Puts at the close on day one or day two and average down on you Call position(s) with the profit.

I did this exact strategy last earnings report, made $$$ on the Puts and averaged down on my Jan 180 Calls...killed it.

Don't be surprised if history repeats itself in early November when the report hits the tape.