8/27 Daily Plan: Semiconductors to Lead The S&P 500 Higher if NVDA Performs

Ahead of NVDA earnings tomorrow, there are a few tables and charts worth looking at shown below.

There appears to be a significant number of Call Options at NVDA’s 130 Call Strike and the 120 Put Strike. The open interest (positioning) skews bullish, and I tend to agree that a bullish lean into NVDA’s earnings is more likely the side that prevails.