Traders Price $355B Nvidia Market Swing Ahead of Q1 Earnings on May 20

GateNews
NVDA-0.8%
According to Reuters, traders priced in a roughly $355 billion swing in Nvidia's market value ahead of its first-quarter earnings report on May 20. Options data implied the stock could move about 6.5% in either direction following the results, higher than the 5.6% move implied before February earnings but below its 7.6% historical average, suggesting lower anxiety around the report, per ORATS founder Matt Amberson. Demand for call options has risen, with investors also hedging positions across semiconductor stocks and related ETFs.
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