Anything can happen in this market, and bad news could take a long time to recover. If you believe that could happen, then you're good to go! Maybe consider selling a CSP or a credit spread and waiting for after earnings to decide what to do?ĭon't forget, for NVDA to push back through $300, they have to crush earnings and also guide up with 20% growth for CY22. But right now, at $260, I think the downside risk is higher than upside. "buying more before earnings" was probably best 2 weeks ago when NVDA was at $220 for the entire week. Supply chain disruptions reducing inventory If they have any wavering due to any reason, we could see a retread back to $180. Even if they crush their earnings, they need to guide high to be able to sustain their growth levels.
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