Nvidia (NVDA) shares are down ahead of Q3 earnings, with expectations of earning $1.18 per share, a 51% YoY increase. Despite the pullback, the stock is up 100% YTD. Options data suggests a potential move to $192 this week, with longer contracts predicting a rise to $210. Analyst Dan Ives recommends buying NVDA shares, expecting strong earnings results and potential upside of more than 16%. Wall Street consensus on NVDA is “Strong Buy” with a mean target of $238, indicating over 30% potential upside.

Read more at Barchart: Here Is What Options Traders Expect for NVDA Stock After Nvidia Reports Q3 Results This Week