Nvidia Stock Options Stay Hot Ahead of Earnings Event

Core Insights - Nvidia Corp's third-quarter earnings report is highly anticipated, with expected earnings of $1.24 per share on revenue of $54.62 billion, reflecting a year-over-year increase of 55.7% [1] Earnings Expectations - Analysts expect Nvidia to report earnings of $1.24 per share and revenue of $54.62 billion, marking a significant year-over-year growth of 55.7% [1] Stock Performance and Reactions - Nvidia has a mixed history of post-earnings reactions, averaging a next-day swing of 6%, while options markets are pricing in a 10.8% move this time [2] - The stock is currently down 1.3% at $187.63, following news of significant sell-offs by Peter Thiel's hedge fund and SoftBank, despite support levels at the 100-day moving average and the $180 mark [3] Options Activity - Nvidia has seen substantial options activity, with 24,659,607 calls and 13,643,118 puts exchanged in the last 10 days, making it the most active stock in terms of options volume [4][7] - Over the past 50 days, Nvidia's call/put volume ratio stands at 2.35, indicating a strong preference for calls, ranking higher than 83% of readings from the past year [5]