Barclays identifies options trading opportunities in Nvidia, Halliburton and Snowflake

Barclays’ Equity Derivatives team recommended buying call spreads in Nvidia, Halliburton and Snowflake around key near-term catalysts, signaling a constructive institutional view. For NVDA.OQ, Barclays urged call spreads into earnings (scheduled Wednesday), noting options imply a ~5.3% move (above the two‑year average of 4.6%) and an unusually inverted upside skew — likely to drive elevated options activity and risk‑on positioning in semiconductors. For Halliburton, Barclays recommended July 17, 2026 call spreads, calling the energy‑services setup the best in two decades amid structurally higher oil and a multi‑year capex upcycle. For SNOW.N, Barclays suggested call spreads into the May 27, 2026 earnings report, highlighting Snowflake’s AI/data‑platform positioning and potential upside from ~ $1.3bn Q1 product revenue and a possible FY27 guidance raise. Overall the note implies bullish/options-driven positioning across tech, energy and software that could increase options flow and underpin upside risk in the individual names.