According to Odaily Planet Daily, data from the Chicago Options Exchange shows that traders are betting Nvidia's stock will rise or fall by about 12% on the next trading day after the earnings report, with a market capitalization fluctuation of about $407 billion.
Vishal Vivek, a stock and derivatives trading strategist at Citigroup, stated that Nvidia's stock price has averaged a fluctuation of over 9% on its last eight earnings report days. The growth of this chip manufacturer has made it one of the hottest options trades.
As of last Wednesday, data from the Chicago Options Exchange shows that Nvidia's options premium has reached about $504 billion this year, surpassing the combined total of Apple, Amazon, Alphabet, AMD, and Meta Platforms.