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Bartosiak: Trading NVIDIA's (NVDA) Earnings with Options

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On Thursday, November 9th, 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 F.

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 is the worldwide leader in graphics processors and media communications devices. The NVIDIA® Tesla® accelerated computing platform gives modern data centers the power to accelerate both artificial intelligence and high-performance computing workloads. NVIDIA® DGX Systems are built on the new, revolutionary NVIDIA Volta GPU platform. Powered by NVIDIA® Tesla® GPUs and NVIDIA NVLink, the HGX reference architecture standardizes the design of data centers accelerating AI in the cloud-from autonomous driving and personalized healthcare to superhuman voice recognition. NVIDIA GPU Cloud (NGC) is a GPU-accelerated platform that runs everywhere. Data scientists and researchers can now rapidly build, train, and deploy neural network models to address some of the most complicated AI challenges. Their researchers operate as a think tank, accelerating advances in product technologies, including AI innovations like facial animations and light transport.

NVIDIA is expected to report earnings at $0.94 per share according to the Zacks Consensus Estimate. Last quarter they beat earnings expectations by 46.38%. They reported earnings at $1.01per share, beating their estimate of $0.69. They have an average earnings surprise of 34.54% over the last 4 quarters.

NVIDIA Corporation Price, Consensus and EPS Surprise

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

Bottom Line

How should investors play NVIDIA ahead of their earnings report? For insights on the best options trades, then tune in at 1:00pm CST today to see David’s thoughts.

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