Nvidia Options Market Buzzes Ahead Of Earnings: Traders Brace For Possible 11% Swing In Stock
Portfolio Pulse from Benzinga Neuro
Options traders anticipate an 11% swing in NVIDIA Corp (NASDAQ:NVDA) stock around its earnings report on Feb. 21, marking the largest expected pre-earnings move in three years. The stock has already surged 50% this year, and the potential swing could shift its market value by about $200 billion. Demand for upside options remains high, with the 90-day 25 delta call skew near a five-year peak. Nvidia's recent achievements and investments in AI are seen as key growth drivers.
February 16, 2024 | 2:55 am
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NVIDIA Corp's stock is expected to experience an 11% swing post-earnings, with high demand for upside options indicating strong investor confidence.
The anticipation of an 11% swing in NVDA's stock reflects significant market volatility and investor interest, particularly due to Nvidia's performance and strategic investments in AI. The high demand for upside options, despite the stock's substantial year-to-date increase, suggests that investors are optimistic about Nvidia's earnings report and its potential to further drive the stock's value.
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