 Welcome traders to another TickMail earnings report preview with me, Patrick Munley. Before we jump into today's report, as always, I want to adhere to the risk disclaimer. And most pertinent to today's presentation is the fact that the views expressed by me are solely mine, they're not indicative or representative of those held by TickMail UK or TickMail Europe Limited. Okay, let's jump into today's report and we are looking at NVIDIA. NVIDIA announced earnings after the close of trade in New York today. And we are looking for an earnings per share of 49 cents on revenue, 6.699 billion. I guess most importantly for NVIDIA, they led the semiconductor industry lower on August 8th, falling nearly 6% that day. After the graphics chip designer pre-announced week second quarter of revenue due to a shortfall in gaming related revenue and Intel unveiled a new offering which was considered to be highly competitive. For the period ending July 31, NVIDIA set it generated just under 6.7 billion in revenue down 19% from a year ago, compared to expectations of 8.1 billion. Having said, its gaming business was the main culprit of the shortfall as gaming revenue fell 44% sequentially and 33% year over year to 2.04 billion. Conversely, data revenue rose by 1% sequentially, 61% year over year to 3.81 billion. The gaming product seller through projections declined significantly as the course progressed according to NVIDIA's chief executive, Genseng Wang. In a statement, he stated they expected the macroeconomic conditions affecting sell-through to continue and they were taking actions with gaming partners to adjust channel prices and inventory. Company added that it slows operating expenses during the quarter but will continue with its stock buyback program. NVIDIA was named one of the top 30 most attractive stocks at city based on fundamental sentiment evaluation. Analysts are largely upbeat on NVIDIA, it had an average rating of buy from seeking alpha authors, while Wall Street and List rates it as a hold at this stage due to that issue with respect to the earnings pre-announcement. Let's take a look at some of the historical trading patterns around NVIDIA's earnings and releases. NVIDIA shares have moved higher on the immediate aftermath of earnings, 8 out of 12 previous reports. On average, the stock moved up 1.2% in the first day of trading after the company reported earnings. Based on the previous 12 earnings releases, NVIDIA is more likely to trade higher one day after earnings for an average gain of 2.6%. On average, the stock is traded higher by 2.2% one week after earnings. In terms of the option market and what we're looking at in the volatility perspective, options traders are pricing in a 6.6% move on earnings. The stock has averaged a 4.5% move in recent quarters. From the sentiment and flow perspective, most of all selling of the $170 book expiring on Friday, we've seen 8,736 contracts there. The option's order flow sentiment in general is bearish. Investor sentiment going into the company's earnings release today with only 50% expecting a potential for a beat. NVIDIA's share price has drifted down 0.3% post its prior earnings announcement and using the last 12 quarters of data, the average drift between earnings announcements is 14.6%. Let's pull up the NVIDIA chart here and see if we can identify any trading patterns that we can take advantage of here post the earnings. We know we've got that $170 put in the market. The options market is expecting a knee-jerk response to the downside on these earnings. What I'll be watching is any move into weekly projected range support 157, monthly projected range support 157. If we move into this area, I'm actually going to be looking for bullish reversal patterns to engage on the long side, looking for a move back up through the high volume load here at 187. I'm looking for a test of the weekly trend line resistance and monthly projected range resistance up to 208. Not anticipating this move is going to happen in the next few sessions, but if we see any weakness on the earnings here, I'm going to be looking to accumulate with daily bullish reversal patterns. Like I said, I'm going to target a move up to that 208. At this stage, only a loss of the current cycle lows at 140 would be a significant bearish development, opening a move down to test the weekly high volume load just ahead of 130. As always, traders, plan the trade, trade the plan, and most importantly, manage all this. Until next time, thanks very much.