Traders Brace For Major Swing In Nvidia Stock Ahead Of Earnings Report: "...Expect Up Moves To Be As Violent As Down Moves"

Traders Brace For Major Swing In Nvidia Stock Ahead Of Earnings Report: "...Expect Up Moves To Be As Violent As Down Moves"

Traders are bracing for a significant shift in Nvidia shares following the company’s earnings report on Wednesday, Reuters reported on Tuesday. Options markets in the U.S. indicate an expected 8.7 swing in Nvidia’s stock by Friday, as per data from Trade Alert. This move could equate to a market cap fluctuation of $200 billion, surpassing the market cap of about 90 of S&P 500 companies.


User: Benzinga

Views: 550

Uploaded: 2024-05-21

Duration: 01:02

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