Nvidia Stock Is Treading Water Ahead of Earnings This Week - What's the Best NVDA Play? Mark R. Hake, CFA Sun, August 23, 2026 at 7:30 AM PDT 5 min read NVDA Nvidia, Inc. (NVDA) will release earnings on Wednesday, Aug. 26, after the market closes. NVDA stock has been treading water ahead of earnings, but expect volatility. Some investors may want to short puts after the results. NVDA closed at $214.72 on Friday, Aug. 21, down 4.70% from a recent closing peak of $225.30 on Aug. 13, but still up 13.0% from a recent trough of $190.01 on July 29. More News from Barchart Option Volatility and Earnings Report For Aug 24-28 Why the China-Led Weakness in NXP Semiconductors Stock Could Open Doors for Speculators Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. However, it has been flat over the last 3 months. This shows up in Barchart's NVDA chart (below). NVDA stock - last 6 months - Barchart - Aug. 21, 2026 For example, since its last earnings release on May 20, when NVDA closed at $220.51, NVDA has lost about $7 per share, or - 2.62% . Wow! Has all the hype fizzled out in this stock? And by the way, this shows that it's much more profitable to sell short cash-secured puts at out-of-the-money (OTM) strike prices. I write a good deal about these plays in Barchart. Shorting Puts Works For example, in my July 12 Barchart article (" Nvidia Stock Has Been Flat, But NVDA Price Targets are Higher - Shorting Puts Works "), I suggested shorting the $195.00 put expiring Aug. 14 (when NVDA was trading at $210.96, i.e., 7.6% below the trading price). The 1-month yield was $3.90, so cash-secured short-put investors made a 2.0% income. On Aug. 14, NVDA closed above that price ($225.16), so investors kept that income without having to buy NVDA shares at $195.00. Now that NVDA has dropped again, some investors could short a new one-month strike price. For example, the Sept. 25 $200.00 put, 7% below the trading price, has a midpoint premium of $4.48 . That gives investors a one-month 2.24% yield (i.e., $448/$20,000 collateral). NVDA puts expiring Sept. 25 - Barchart - As of Aug. 21, 2026 However, the upcoming earnings release could lead the market to "sell on the news." That could especially be the case if Nvidia doesn't "wow" the market. Earnings Expectations For example, analysts expect revenue to be almost $10 billion higher than last quarter's $81.62 billion: $92.07 billion estimates in Seeking Alpha's survey and at Yahoo! Finance. Earnings per share (EPS) are forecast to be higher than last quarter's $1.87: Seeking Alpha and Yahoo! Finance both show an average analyst EPS of $2.09. That's a Q/Q growth rate of 11.77%. This implies a 47% run rate going forward (i.e., 11.77% x 4). But that may not wow the market. Story Continues For example, that's lower than the 67% growth...
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