NVIDIA EARNINGS COULD SPARK $200 BILLION SWING IN SHARES

Traders are pricing in a big move for Nvidia’s shares, though expectations for volatility are more muted than in the past. Nvidia's options are primed for an 8.7% swing in either direction by Friday, according to data from options analytics firm Trade Alert. That would translate to a market cap swing of $200 billion - larger than the market capitalization for about 90% of S&P 500 companies. While massive by most measures, that implied move would fall far short of the 16.4% jump Nvidia’s shares notched after the company’s most recent quarterly earnings. It is also less aggressive than the average 12% move traders had priced for the last eight quarters.

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