Anyone gambling on NVDA earnings today?

My friend loaded up on NVDA call options at $950 strike to gamble on today's earnings.

Anyone else gambling on NVDA?

 

whats the logic behind buying near atm calls on the day of earnings? What about implied vol evaporating

 

Your friend? What are YOU doing bro

 

He bought the calls about a week and a half week ago.

I think IV crush is a risk gamblers accept when it comes to earnings.

 

I only trade daytrade futures, NQ and YM. I will look for setups in after hours trading.

 

Is this a fuck up? Asking for a friend.

 

Moot point.

The buyer is obviously expecting the stock to go up enough to offset any inflated IV.

 

I am not but I am thinking it will be a beat. Maybe add a poll to the thread so we can vote.

 

You are correct, friend just specifically said he is looking for NVDA to go to $1100.

 

You know it’s gambling when Reddit is warning people to avoid NVDA calls because they’re overpaying.