Nvidia beat revenue estimates by $2.4 billion and earnings per share by ten cents. The stock fell 1.8%. That is not a surprise anymore. It is becoming a pattern.
When a company is worth $5.5 trillion and already has every hyperscaler on the planet as a customer, what exactly is going to shock anyone? The implied move was 6%. The actual move was a fraction of that. The traders who sold premium in the weekly cycle against longer-dated calendar spreads and financed the whole thing with an iron condor walked away profitable.
Mike breaks down the exact structure live on the platform and explains why he will never sell a naked straddle into earnings no matter how predictable the inside move looks.
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CHAPTERS:
00:00 Nvidia Beat Earnings. Stock Still Fell 1.8%....