It also exceeded management’s projection of $3.10 billion (+/-2%). Revenues surged 40% year over year to $3.123 billion and beat the Zacks Consensus Estimate of $3.107 billion. The company’s non-GAAP earnings per share came in at $1.94, which increased 91% from the year-ago period and surpassed the Zacks Consensus Estimate of $1.84.
Check out his recent live analysis and options trade for the NFLX earnings report completely free.NVIDIA Corporation NVDA second-quarter fiscal 2019 results not only recorded strong year-over-year improvement but also trumped the Zacks Consensus Estimate. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.Įach week, our very own Dave Bartosiak gives his top options trades. This is a strategy many seasoned traders use because it captures decay. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. Given the way analysts feel about NVIDIA right now, this huge implied volatility could mean there’s a trade developing. Over the last 30 days, the Zacks Consensus Estimate for the current quarter has decreased from $1.41 per share to $1.40. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.Ĭlearly, options traders are pricing in a big move for NVIDIA shares, but what is the fundamental picture for the company? Currently, NVIDIA is a Zacks Rank #3 (Hold) in the Semiconductor - General industry that ranks in the Bottom 4% of our Zacks Industry Rank. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. Implied volatility shows how much movement the market is expecting in the future. That is because the $265 Put had some of the highest implied volatility of all equity options today.
Investors in NVIDIA Corporation NVDA need to pay close attention to the stock based on moves in the options market lately.
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