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The Best Options Trade for Nvidia (NVDA) Earnings

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On Thursday, November 10th, Nvidia (NVDA - Free Report) will release its third quarter earnings results after the bell. The company is a Zacks Rank 1 (Strong Buy), and have a Value, Growth, and Momentum score of D.

Dave will look at Nvidia’s past earnings, take a look at what is currently going on with the company, and give us his thoughts on their upcoming earnings announcement.

Furthermore, Dave will uncover some potential options trades for investors looking to make a play on Nvidia ahead of earnings.

Nvidia in Focus

Nvidia Corporation designs, develops and markets a top-to-bottom family of award-winning 3D graphics processors, graphics processing units and related software that set the standard for performance, quality and features for every type of desktop personal computer user, from professional workstations to low-cost computers. NVIDIA Corporation's 3D graphics processors are used in a wide variety of applications, including games, the Internet and industrial design.

Nvidia is expected to report earnings at $0.56 per share according to the Zacks Consensus Estimate. Last quarter they beat earnings expectations by 18.92% at $0.44 per share, beating estimates of $0.37 a share.

NVIDIA CORP Price, Consensus and EPS Surprise

NVIDIA CORP Price, Consensus and EPS Surprise | NVIDIA CORP Quote

Nvidia is trading around $70 a share, and they are just off their 52-week high of $72.95 a share. The company has an average earnings beat of 28.53%.

Bottom Line

How should investors play Nvidia ahead of their earnings report? For insights on the best options trades, make sure you are subscribe to Live Trader to see Dave Bartosiak at 1:00 pm this afternoon.


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