Up to $100 billion in bets NVDA earnings report

On Monday, NVIDIA's implied volatility for that week's options was already as high as 130%, and the option's volatility smile showed a serious rightward bias (that is, deeply out-of-the-money call options are more expensive). At that time, options with an exercise price of $610 (corresponding to an increase of 30%+ based on the stock price at that time) could be sold for $1.20. Moreover, the holdings of call options above $550 are extremely large, with thousands of positions at each strike price.

There are 5 trading days left with an implied volatility of 130%, and the corresponding ER (financial report) gap is at least 10-15%, which generally only appears in stocks with major fundamental risks. Nvidia’s current after-hours price is 6.57% The increase, plus the 3% intraday increase, is 9%. It has not reached the range of fluctuations expected by the implied volatility at that time, so investors who buy deep call options may "return to zero"