I want to buy a strangle for nvda earnings but I know the IV crush will probably take any chance for profits so I've been thinking of buying one for a related ticker such as maybe SPY/QQQ or AMD/SMCI what are your guys thoughts on alternatives to NVDA that will still be affected by the earnings but not be as affected by IV crush.
Posted by Quacky786
4 Comments
You are almost as late to the party as the poor souls who trade the next day after earnings.
Call options ATM for SMH, SMCI or MU are the way to go. Just bought myself a few today and tomorrow if I* get paid before the prices explode I’ll double down my trades
Good bet for a Sector recovery unless NVDA poops the bed. Best play would have been in Calendars a week or to back and get paid on the IV crush and Theta decay. Look for continued rotate out of Semi’s tomorrow. If that happens then brace. Otherwise look for where intuitional money is moving for the long weekend. I thing bond plays may get real here in the next months. Rate cut hype already getting price in the 10 years yield. Yall young bucks probably don’t understand the bond rally in this era. Stupid returns on Leverage assets.
What about a strangle for credit? Sell cc and sell csp?