Barclays identifies options trading opportunities in Nvidia, Halliburton and Snowflake

Investing.com -- Barclays Equity Derivatives Strategy recommended options trades on three companies ahead of key upcoming events.

For Nvidia Corporation (NASDAQ: NVDA), Barclays suggested buying call spreads ahead of the company's earnings report scheduled for Wednesday. The bank noted that NVDA options are pricing a 5.3% move, approximately in line with the past two years' average of 4.6%. Call skew recently inverted, with NVDA upside skew among the most inverted going into earnings over the past 10 years. Barclays highlighted Nvidia as one of the best-positioned names in semiconductors within its Disruption '26: Top Ideas in Tech.

For Halliburton Company (NYSE: HAL), Barclays recommended buying call spreads expiring July 17, 2026. The bank sees the best setup for energy services in 20 years based on structurally higher oil and an energy security shift driving a multi-year capex upcycle. Halliburton is described as a high-beta play on US activity and pricing inflection, with visibility on improving second-half 2026 trends and a strong 2027 earnings ramp. The stock has posted near 45-year record long and short-term performances of 109% and 26%, respectively.

For Snowflake Inc (NYSE: SNOW), Barclays suggested buying call spreads ahead of earnings scheduled for May 27, 2026. In Barclays' Disruption '26: Top Ideas in Tech, Snowflake is highlighted as one of the best-positioned names in software, supported by its structural AI positioning as its data platform enables a centralized view across disparate enterprise systems. Potential upside is driven by acceleration in Q1 product revenue to approximately $1.3 billion and a potential raise to FY27 product revenue guidance.

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