Options traders are bracing for an outsize swing in Nvidia Corp.’s stock price after the chip giant’s earnings report Wednesday afternoon.
In the case of Nvidia NVDA, +1.46%, the market is pricing in a roughly 11% move in response to the coming earnings, according to Garrett DeSimone, the head of quantitative research at OptionMetrics. He said the average move for Nvidia is between 7% and 8%, “so this is definitely outside the norm.”
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