The options market was ready for Nvidia Corp.’s stock to post a bigger-than-average move in reaction to the semiconductor maker and artificial intelligence play’s third-quarter earnings report, which is due after Tuesday’s close.
An options strategy known as a “straddle” was priced for the Nvidia’s stock NVDA to move $35.75 in either direction, according to data provided by Matt Amberson, principal at Option Research & Technology Services. At current prices, that represents a move of about 7.2%.
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