What Subscribers Saw Before NVIDIA Earnings
Quick follow-up before the sale closes Monday.
A few of you have asked what paid subscribers actually see on a given day as a member of Navigating The Market. The simplest answer is to show you. Here is what subscribers read pre-NVIDIA that Free subscribers would never have seen, using my proprietary options analysis...
NVIDIA earnings setup into tonight’s print. Spot around $224. Call wall: $240; put wall: $195 (all expirations). Strip today’s expiration → walls slip to $230/$175. Friday-only: call wall $240, put wall $212, max pain $215. Delta clusters at $220, $230, $240, $250. Vols around 95%. Stock probably needs to clear the $235–$240 region to push higher; weekly implied move is roughly 5%. Option-pricing math at the current spot: $240 call (5/22 expiration) running around $1.75–$1.85 collapses to about $0.30 at 60% IV; $230 call around $4.00–$4.25 collapses to about $1.95; in-the-money $220 call around $8.90–$8.95 collapses to about $6.50. Mike’s read: premiums above $240 effectively vanish post-print unless the move is extraordinary; market-makers are over-hedged on these strikes, so calls could come for sale once vol crushes. Comparable Mag Seven calls from roughly two-plus weeks ago worked across the board with the exception of AMD — Mike notes the read can still be wrong.
That’s the difference between the free commentaries and the paid service.
The free posts explain what happened. The paid service focuses on positioning, levels, volatility structure, and catalysts before the tape gets there — including estimated CTA positioning, gamma analysis, IV setups, and the macro/liquidity backdrop driving markets day-to-day.
Sale Ends Monday, May 25
• Monthly: $65 (normally $85)
• Annual: $550 (normally $750)
— Mike Kramer
Mott Capital Management