Buying NVDA call contracts.

Nvidia Corp. (NVDA) reported disappointing earnings after the market closed last night. The stock was off sharply in after-hours trading.

But today, the stock is up nearly 3% as investors step in and buy.

This is a good indication that investors have already priced in the negative news for this company and any future surprises are likely to be positive.

NVDA is rebounding from a key support area — and could have a ways to run as investors rebuild positions.

• Buy (to open) 5 NVDA September 16th $160 Calls
• Limit $21.00 or less
• The new position will represent roughly 8.8% of our Spec Model capital
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• 15:18 Executed
• Bot 5 NVDA Sept. 16th $160 Calls @ $20.02