Nvidia Earnings as Next Major Catalyst: Asymmetric Downside Risk

Nvidia earnings are the next major catalyst this week (Aug 24). Options gamma regime and technical levels show asymmetric downside risk below $210. Call wall at $230 and put wall at $190 create a tight range. If spot slips into negative gamma, a drop toward $190 could pressure the Nasdaq and S&P 500. Market bracing for the report amid broader macro uncertainty including Iran sanctions, Canada tariff threats, and Jackson Hole.