Traders expect Nvidia to see a huge move on earnings

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Semiconductors are surging this year. The SMH ETF is up 17 percent in 2019, with a number of names in the group soaring double digits. Nvidia reports earnings Thursday, and the options market is still expecting a big move for the chip stock.

 

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Option traders are extorting this one. Implied volatility was 7% so it moved that much on crap numbers. “Better than feared” nonsense. Trading double it’s peers with revenue down 29% and flat guidance? Short at opening bell.

iphone sales are lame

the got the same performance, only they added features on RTX Cards

no

Why?

so is the $SPY

If positive trade was yesterday. Nvda would be better ER tonight

Bearish signal then

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