NVIDIA Set To Report Earnings Wednesday, Options Market Implies Double-Digit Move
Portfolio Pulse from Lisa Levin
NVIDIA Corporation is set to report its quarterly earnings after the closing bell on Wednesday. The options market implies a move of around +/-11% by the end of the week. Traders bought 3,418 of the September 470-calls at an average price of $29 per contract and sold 3,418 of the September 520-calls at an average price of $13.60 per contract. Analysts expect NVIDIA to report quarterly earnings at $2.09 per share on revenue of $11.22 billion.
August 23, 2023 | 12:38 pm
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NEUTRAL IMPACT
NVIDIA is expected to report earnings, with the options market implying a significant move. Traders have been active in buying and selling calls.
The news directly pertains to NVIDIA and its upcoming earnings report. The options market activity suggests that traders are expecting significant price movement, but it's unclear whether this will be positive or negative. Hence, the score is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100