
After hours move not as much as expected.
Options traders for NVDA 222.50 priced in an expected post-earnings stock move of about $13.62 (roughly 6.1% to 6.5%) in either direction.
After hours saw low of 216.25 to a high of 226.95 for 10.70.
A tight range post earning under the predicted options’ derived range tends to attract prices the next day. Up or down, the vols will likely contract.
I lean on selling puts of NVDA fades at the open. 215 to 217.50 strikes puts will be my targets.