Wall Street traders think next week's earnings report from Nvidia is likely to give the chip stock another boost, according to one interpretation of options market pricing. A Piper Sandler research note on Thursday from Benson Durham and Melissa Turner said short-term options on Nvidia look expensive, but that high cost is tilted toward options that serve as bets the stock will rise. "What's noteworthy is that near-term upside is the dearest, not the downside.
mountain Nvidia's rally has been a key driver of this bull market. The market optimism about Nvidia extends beyond the immediate period after the earnings report, according to Piper Sandler. "We focused on shorter-dated options, largely on account of next week's release. However, the rest of the surface isn't necessarily priced fairly, either. E.g.