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Traders are pricing in a US$355 billion swing in Nvidia’s market value after the company reports first-quarter earnings on Wednesday.
Nvidia's options market implies a US$355 billion market value swing after its Q1 earnings report.
KEY POINTS
- Options suggest a 6.5% post-earnings move, larger than February but below Nvidia's 7.6% historical average.
- A notable options trade bet on Nvidia rising 16% to $260 per share by June 1.
- Options skew has shifted toward calls, indicating greater demand for upside exposure in Nvidia.
- Traders are hedging and taking profits in semiconductors and related ETFs despite bullishness on Nvidia.
COMPANIES
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