Traders are betting on a $407 billion move in market value in the next trading day after Nvidia's earnings report

Odaily News Data from the Chicago Board Options Exchange show that traders are betting that Nvidia's stock will rise or fall by about 12% on the next trading day after the earnings report, which means a market value fluctuation of about $407 billion. Vishal Vivek, equity and derivatives trading strategist at Citigroup, said that based on Nvidia's past eight earnings reports, its stock price has fluctuated by an average of more than 9% after the earnings report was released. The explosive growth of the chipmaker has made it one of the most popular options trades. Data from the Chicago Board Options Exchange show that as of last Wednesday, Nvidia's option premium (option contract price) this year has reached about $504 billion. This exceeds the combined total of Apple, Amazon, Alphabet, AMD and Meta Platforms. (Jinshi)