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Wajeeh Khan

Options Traders Are Betting Nvidia Stock Will Move This Much After Earnings

Nvidia Tom Lee NVDA

Nvidia (NVDA) stock remains in focus ahead of the artificial intelligence (AI) behemoth’s fiscal second-quarter earnings scheduled for after market close on Wednesday, Aug. 27.

At the time of writing, options traders are betting on a potential 5.59% move in NVDA shares in either direction after the quarterly print. This expected move is based on options with expiry on Friday, Aug. 29 and is calculated based on 85% of the value of the at-the-money straddle. 

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