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Options traders bet on the semis to surge higher when Nvidia reports earnings

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The chips are ripping higher, and options traders expect the semi surge to continue when Nvidia reports after the bell on Thursday.

of about 6.8%. That's in line with the 6.1% or so that it has averaged over the last eight quarters," Optimize Advisors President Michael Khouw said Wednesday on "Fast Money."

But that doesn't quite tell the full story of how confident these options traders are that big gains are ahead.

 

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