Nvidia is now a $4.7 trillion stock, with quarterly earnings due on Nov. 19. It represents 8.33% of the S&P 500 Index. The stock faces high expectations, leading to concerns about unmet expectations and potential risks.

Considering the stock’s fundamentals and chart, there is uncertainty about future performance. The stock is currently in a trading range, with the 20-day moving average showing some weakness. However, NVDA has a history of defying chart rules.

A collar strategy may be advisable for NVDA investors to protect against downside risk while maintaining upside potential. By setting a put strike below the stock price and looking ahead to Dec. 18, 2026, investors can limit their downside risk while potentially benefiting from any future stock appreciation.

Read more at Barchart: Nvidia Stock Is a High-Stakes Trade Ahead of November 19. How to Hedge the Risk of a Post-Earnings Plunge.