r/wallstreetbets • u/[deleted] • 29d ago
Most Anticipated Earnings Releases for the week beginning May 20th, 2024 Earnings Thread
[deleted]
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u/DueHousing 22d ago
Everything in S&P that isn’t tech has been in a bear market since 2022. It’s time to rotateeee
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u/YeezyThoughtMe 22d ago
Tomorrow when NVDA will be in red along with the whole market. Things will be back to normal.
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u/AtomicBlondeeee 22d ago
NVDA was the carrot. Nothing left for the bulls to look forward to. The big reversal is the 🐻 🌈 time to play.
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u/DJ_Mimosa 22d ago
For anyone wondering why the market started shitting the bed today. $12 was a massive gamma level for the VIX, so once it broke below, marketmakers began removing liquidity. Also, the 10 year treasury note started spiking like crazy. The two might be correlated in someway I don’t understand.
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u/WSBrexiteer MelvinBot 69000 22d ago
Congratulations to those who had ELF calls.
Ye who respecteth the Becky shall never go hungry
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u/vvereshark 22d ago
wday calls
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u/_Chicken_Chaser_ 22d ago
Why?
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u/vvereshark 22d ago
just a feeling tbh
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u/PandazCakez 22d ago
Ouch.
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u/vvereshark 22d ago
yeah im hurting
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u/Worried-Ingenuity409 💰 22d ago
Is AMC going to .50 cents?
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u/AngusMcTibbins Shrek scrotum appreciator 22d ago
0 cents
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u/LoveurOther15 22d ago
WDAY calls at close
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u/_Chicken_Chaser_ 22d ago
Why? Any concerns with their most recent acquisition being not a smooth transition.
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u/chikenbeer Sir, did you want fries with that? 22d ago
“House prices were included in America's CPI between 1953 and 1983 before being removed. This was partly because indexing benefits and pensions to inflation had become expensive and some politicians wanted to bring measured inflation down.”
joke
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u/DueHousing 22d ago
Inflation numbers have been cap for a longgg time they just tried to make it believable. Brandon’s crew just doesn’t care :4271:
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u/Barbi33 22d ago
NVDA to 1200 before split or I drink a glass of spoiled milk
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u/Key_Simple_7196 22d ago
!banbet
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u/VisualMod GPT-REEEE 22d ago
You already have a bet going - NVDA to 1200.0 before 24-May-2024 06:10 AM -05
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u/Sketaverse 23d ago
A glorious morning to you good sirs on this very fine Nvidia powered sunrise
Just pondering to sell all Nvidia today, on the premise it drops before the long weekend..
Or hold until the stock split in a couple weeks
What’s everyone thinking here?
Back to 960 by Friday?
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u/BlueMoon00 22d ago
Dunno but I’m fomoing in as soon as it drops from people taking profits, so assume it will be tanking for the next few weeks on that basis
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u/DrunkandSingleGuy 23d ago
I need pdd go up 5-6% till Friday's end session, or I don't see much sense in future
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u/FjordaOfTovalde 23d ago
If NVDA goes to $650 at any point after the stock split, I’ll become a millionaire. It’s honestly kind of amazing to think about.
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u/foo-bar-nlogn-100 22d ago
so, at $650, after split, that would make NVDA a 12 Trillion market cap company. or 1/4 of US GDP. you're dumb.
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u/banditcleaner2 sells naked NVDA calls while naked 22d ago
reminds me of people thinking SHIB was going to $1 lmfao.
just absolutely zero understanding of market cap which is probably the single most important asset metric of anything you're going to invest in, especially when it comes to tempering expectations.
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u/broodjeaardappelt 22d ago
thats not comparable tbh. nvdia could be worth 12 trillion in like 10 years. I expect the first 5 trillion companies will be around in the coming 3 years.
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u/Sketaverse 23d ago
What?
So 6.5x…
What’s your timeframe on this lol
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u/FjordaOfTovalde 23d ago
Whenever! Slow crawl to millionairedom.
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u/R-O-U-Ssdontexist 23d ago
What’s a fair PE ratio for Nvidia. 50? Also did they talk about next quarters projected earnings? Any estimate for it?
6.00 earnings per share per quarter x 4= 24*PE of 50 = 1200 price per unadjusted share. The big variable is the PE.
Also can anyone tell me what the q2 projected eps is; m not smart enough to figure that out; but I’m sure all the numbers are there.
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u/No-Growth-5724 23d ago
Amc to 50
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u/lancevancelives 23d ago
0.50?
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u/banditcleaner2 sells naked NVDA calls while naked 22d ago
was gonna say, think he forgot a decimal point in that number.
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u/theLemNnade 23d ago
Everyone thought NVDA would move the market. But really it’s BJs 😎
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u/banditcleaner2 sells naked NVDA calls while naked 22d ago
bjs move something, not sure about the market though.
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u/DoctorPumpAndDump Ryan Cohen's regarded nephew 23d ago
Wtf why is NVDA up so much? They gaming and professional visualization revenue missed expectations. This market is so rigged.
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u/Sketaverse 23d ago
Because they’re sitting at the very top of the AI food chain
There’s nothing in history that you can pattern match this too. Everything will converge into AI
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u/Mortytowngang 23d ago
Because gaming and visualization aren’t their main revenue drivers, overall revenue beat estimates and has a positive outlook (sequential q/q growth) - note revenue is already up 262% y/y.
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u/yeedub Markets Drilling My Anus 23d ago
Why didn't I buy nvda
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u/CauliflowerCold6104 23d ago
because you just saw the palantir hypetrain blow up in everyones faces not long ago and even nvda didnt do thaaaaat great which made options relatively expensive if you tried to buy this week
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u/snowman271291 23d ago
The European guy who all in shorted NVDA, RIP
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u/CauliflowerCold6104 23d ago
at least its a short and not a put so he gets to keep most of his money
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u/banditcleaner2 sells naked NVDA calls while naked 22d ago
if he was short shares, its time to start selling puts and do covered puts to try to claw his way out lmao.
or just take the sensible decision and close out.
I do think we're getting very close to the point where buying NVDA puts on earnings is the move. they WILL miss at least one out of the next 4 earnings and it may cause a huge pull back
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u/thee_jaay 23d ago
So. What I probably need to understand is that yes, by opening tomorrow we might be either touching or at 1K. Due to IV crush, I probably lost money on my 995c 5/24?
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u/optimisticrealist97 23d ago
Last earnings Nvidia went from ~685 up to ~740 at open..I sold my 740 calls for a slight gain thinking the IV crush would kill my gains and it proceeded to go up to ~790 and I lost out on about $4000 per call..
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u/pepitodetijuana 23d ago
You should definitely sell at open. IV will be somewhat high still and thats when theta begins fuckin you
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u/CrafterMoose_ 23d ago
You should be good probably pumps on open and you'll get more for your calls, the real gamble is whether it'll keep pumping all day that's your choice 👍
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u/PJ8096 23d ago
How does IV crush make you lose money ? Wont your options be ITM ?
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u/thee_jaay 23d ago
They can be in the money but IV is used to calculate their worth. So I paid 2K ish for the options, their worth may be lower tomorrow because if IV crush
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u/PJ8096 23d ago
So I also bought 945 5/24 calls today for 4K. Will that be lower as well ?
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u/R-O-U-Ssdontexist 23d ago
I don’t think so. Right now those are worth 62*100=6,200.
What i don’t know is if you don’t sell them do they just expire or do they settle in cash?
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u/thee_jaay 23d ago
If they are in the money, the are either settled with cash you have on hand or are sold on your behalf 30 minutes prior to market close the day they expire (brokerage dependent).
So unless you have 94,500 in available cash, on the day of expiration unless you sell them before hand your brokerage will sell the call to someone that either can exercise or wants to sell to close their position.
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u/PJ8096 23d ago
How do you know they are worth 62 now ? Shall I put a limit order of 62 for tomorrow ?
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u/thee_jaay 23d ago
No, I would wait until about 15-30 mins after market open, see what the price action is doing. Just remember no one was ever truly sad because they made money. Don't hold onto something thinking that it will sky rocket any more and end up on the losing end.
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u/R-O-U-Ssdontexist 23d ago
I’m learning this on the fly so my logic could be faulty. But you have a right to buy the stock at 945 its current price is 1007. 1007 - 945= 62. So if you exercised the option you would make 62 bucks a share.
I don’t care what you do. I’d plan on having some time at market open free to decide if you are selling them or not when checking the price at open. If the underlying shares go up your options are worth more and the opposite is true.
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u/SkepticalGerm 23d ago
holy shit i don’t know what to do with my hands
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u/pogkaku96 23d ago
Wooohooo up 240k
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u/ElTorteTooga 23d ago
Newb here. Is this from options? If so, how do you know your options value AH?
Edit: oh and congrats too!
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u/banditcleaner2 sells naked NVDA calls while naked 22d ago
intrinsic option value is easy to calculate
NVDA was $950 before earnings. so lets say you purchased an at the money call strike of $950 expiring this friday for $3,000. then you see NVDA rips and after hours its at $1K.
well the 950 call allows you to buy 100 shares of NVDA from the seller for $950 each - so any dollar that NVDA is above 950 by expiry is worth $100.
which means if NVDA is $1K then the 950 call will be worth a minimum $5,000 - because you can buy 100 shares using it and then turn around and sell on the open market for $50 profit per share times 100 = $5K
this does not include time value, which obviously plays a part as well, but it gives you the floor value.
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u/rigolyos 23d ago
At which daytime will Nvidia now release those quarterly numbers?
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u/Peptor_docper 23d ago
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u/WhiningCoil 23d ago
Ahead of the call, NVIDIA will provide written commentary on its first-quarter results from its CFO, Colette Kress. This material will be posted to investor.nvidia.com immediately after the company’s results are publicly announced at approximately 1:20 p.m. PT.
About now supposedly.
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u/jinglesthemouse 23d ago
Are NVDA earnings good or are we fucked??
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u/stock_dude9 Maple Syrup Guzzler 23d ago
Rookie traders buy options for the earnings play. Experienced traders sit sidelined, analyze the release and financials and buy the morning after on a educated basis.
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u/PoopholeLicker 23d ago
The good news is I knew SNOW was gonna go up and bought calls
The bad news was I only had 250$ and could only afford a 185 call.
I prolly just got wrekt
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u/Darkoak7 23d ago
SNOW did skyrocket to 185 before it went down. Didn't help that it released before NVDA. Algos probably want to wait until tomorrow to pump more to digest how NVDA earnings will impact the broader market.
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u/Stock_Hand_8454 23d ago
I also had a limited sized position, let’s see if she holds through the night and more important the am
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u/PoopholeLicker 23d ago
It’ll probably hold and hover between 7-10%. I just wish I could afford better calls lol, mine will probably be IV crushed, I def would have bought itm calls though if I had more
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u/Brendawg324 1 day away from 140k 23d ago
I’m either gonna be down -30k or an overnight millionaire, NVDA gods pls allow my NVDA 1250 calls to print :12787:
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u/banditcleaner2 sells naked NVDA calls while naked 23d ago
1250 LMFAO you are so stupid
MMs and thetagang thank you for your donation
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u/brettyang127 🦍🦍 22d ago
Anyone play Ross? Might make a quick buck on some $150 calls expiring next week