Editing Openai/691df491-0d78-8005-ad11-12760f0fa16d (section)

=== Assistant: IV Implied Volatility at 113.36% is extremely elevated. ===
IV (Implied Volatility) at 113.36% is extremely elevated. Here's what this means for your trading decisions right now:

===== - High Premiums: Options (both calls and puts) are very expensive. This benefits option sellers more than buyers—unless the buyer is catching a massive move quickly. =====
* Market Expectation: The market is pricing in a huge move for NVDA—likely $30–$40+ in either direction. That range is being baked into all option prices.
* Risk for Option Buyers: Premium decay (IV crush) is very likely immediately after earnings. Even if direction is correct, you could still lose money if the move is smaller than what’s priced in.

===== #### =====
* Only buy if you're confident in a big move.
* Avoid ATM contracts – they’re overpriced. Go slightly OTM for leverage but use less capital.
* Better to wait until 10–20 min after the report to catch confirmed momentum.

====== - Let the IV collapse after earnings, then enter directional trades with lower premium. ======
* Watch for IV drop to under 70% after the report.

====== - This is prime time for iron condors, straddles, or strangles—IV crush will be huge. ======
* Must be confident NVDA won't move outside a $40–50 range.

===== - Volatility is peaking, likely won’t go much higher. =====
* Volume is rising, but most of it is institutional hedging, not retail.
* Be patient: best entries are often post-earnings reversal plays once the dust settles.

Let me know if you want a breakdown of which call/put strikes are safest to buy after earnings—based on where price settles and the new IV.