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Options Trading Idea for Nvidia Corporation | NVDA | Ahead of Earnings

$NVDA reports earnings on May 9, 2017 let us take a look at an options trading idea strategy to capitalize on the earnings report.

As of May 2, 2017 NVDA is trading at 106 with the expected move for May 12, 2017 option expiration is $9. I can find the expected move by adding the ATM straddle for the week of expiration. Therefore, if I add 106 + 9 = 114 as an upside target for an options play expiring on May 12, 2017. The goal from trading the weekly options capturing the earnings move is I can isolate the earnings event. Why not use May monthly options? Well, if on May 17th NVDA gets a downgrade this could effect the stock price and my trade can quickly go from a winner to a loser!

Get Chart and Full Options Trading Idea for $NVDA HERE >>>>