November 19, 2024 – 3:08 AM PST
NEW YORK (Reuters) – Options traders are primed for a nearly $300-billion swing in Nvidia’s market value following the chipmaker’s quarterly results on Wednesday, U.S. options market data showed.
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Nvidia options implied an 8.5% swing for the shares in either direction following the results, which will be reported after markets close, according to data from options analytics service ORATS.
That is in line with previous percentage moves following results over the last 12 quarters. But with the AI-chipmaker’s market cap having grown to $3.44 trillion, the expected swing in market value is close to the biggest ever, at about $292 billion.
A move of that size would dwarf the market cap…
