Preparing for Post-Earnings Pullbacks
$NVDA$
You have to admit — 200 is a tough ceiling. This week's institutional spread: sell the 202.5 call $NVDA 20260424 202.5 CALL$ , buy the 207.5 call $NVDA 20260424 207.5 CALL$ .
Expecting a broader chip pullback after Intel earnings — that 182.5 put $NVDA 20260424 182.5 PUT$ is still open. That said, NVDA likely stays above 190 this week.
$TSLA$
Institutional spread this week: sell the 400 call $TSLA 20260424 400.0 CALL$ , buy the 420 call $TSLA 20260424 420.0 CALL$ .
This essentially rules out any post-earnings upside. Selling calls is a reasonable play — consider $TSLA 20260424 440.0 CALL$ .
$INTC$
Earnings will likely trigger a pullback. Hard to say how deep. Given last week's 50-strike put activity, a drop back to 50 isn't out of the question — which would be an excellent sell put opportunity.
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