Weekly Options Trade Ideas — AI Data Center Supply Chain

ARM — Jun 210/240 call spread

Bullish · directional · Catalyst: NVIDIA N1/N1X reveal at Computex · Cohort: 2026-05-18

NVIDIA is set to unveil its Arm-based N1 and N1X system-on-chips for laptops at Computex June 1-5, marking Arm's formal entry into the x86-dominated consumer PC market alongside its existing AI-server royalty stack. The chain prices a 16.9% June implied move which sits below the typical post-Computex single-name reaction in Taipei-supply-chain names. The 210 long ATM call at $18.07 against the 240 short 1σ at $8.17 — net debit $9.90, breakeven $219.90 (+5.1%), max gain $20.10 caps the upside at 240 where the Computex tape tends to pin.
AVGO — Jun 370/400 / 450/480 iron condor

Neutral · earnings · Catalyst: Q2 FY26 earnings · Cohort: 2026-05-18

Broadcom prints Q2 FY26 June 3 AMC against a $22B revenue guide (+47% YoY) and AI-semi revenue stepping to $10.7B (+140% YoY, up from $8.4B in Q1). The June chain prices a 13.3% implied move but AVGO's post-earnings realized has run 5-7% in three of the last four prints — the asymmetry favors selling the range, not buying it. Iron condor at the 30Δ shorts (400P/450C) with 1σ wings (370P/480C) collects $16.30 against $13.70 of defined risk on either side.
MOD — Jun 260/210 put credit spread

Bullish · earnings · Catalyst: Q4 FY26 earnings · Cohort: 2026-05-18

Modine prints Q4 FY26 May 26 AMC after raising FY26 net-sales guide to 20-25% growth and a Climate Solutions data-center segment that's gone from 4% to 25% of revenue ($640M in FY25, on track for >$2B by FY28). The chain's 21.8% June implied move sits well above MOD's recent 10-15% earnings realized, and the 30Δ put at 260 collects $15.95 of credit against a 1σ wing at 210 — selling the post-print IV crush into a beat-and-raise pattern that's been the base case for four quarters.
NVDA — Jun 214/200 put credit spread

Bullish · earnings · Catalyst: Q1 FY27 earnings · Cohort: 2026-05-18

Nvidia prints Q1 FY27 Wednesday May 20 AMC against a $78B revenue guide (consensus $72.6B coming in) with Blackwell at ~70% of data-center compute and Jensen citing $1T in Blackwell+Rubin purchase orders through 2027 at the GTC 2026 analyst Q&A. The chain prices an 11.5% June implied move, IV is pinned into the print, and the 30Δ put at 214 collects $4.05 of credit against a $14 wing — the structure harvests the post-print IV crush in the bullish direction without needing the upside to break a specific strike.
VRT — Jun 370/430 call spread

Bullish · directional · Catalyst: GTC Taipei / Computex keynote · Cohort: 2026-05-18

Vertiv printed Q1 2026 on April 22 with backlog doubling to $15B (2.9x book-to-bill, 12-18 months of forward visibility), Americas organic growth +44%, and full-year guide raised to $13.5-14.0B implying 30% organic growth. The next catalyst is Jensen's GTC Taipei keynote at Computex June 1, where Vertiv's liquid-cooling partnerships sit inside the 'AI factory' narrative NVIDIA is rolling out. The 370 long ATM call costs $31.95 against the 430 short 1σ at $11.05 — net debit $20.90, breakeven $390.90 (+5.4%), max gain $39.10 if the stock pins the upper strike on a positive Computex tape.

ARM — Jun 210/240 call spread

AVGO — Jun 370/400 / 450/480 iron condor

MOD — Jun 260/210 put credit spread

NVDA — Jun 214/200 put credit spread

VRT — Jun 370/430 call spread