Nvidia reports strong guidance as AI boom sparks ’off the charts’ Blackwell sales
Investing.com -- NVIDIA (NASDAQ:NVDA) reports earnings after the market closes today, and options traders are positioning for another volatile session.
According to Bloomberg’s data, traders bought roughly 13,000 December $205/$235 call spreads, a strategy that profits if Nvidia stock rises but caps gains beyond $235.
It’s a measured bet that Nvidia will move higher following results, without requiring an explosive rally. Traders see less need to pay up for extreme upside bets and are gravitating instead toward more moderate bullish positioning.
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Implied volatility — the options market’s gauge of expected movement — has eased slightly. Options pricing implies Nvidia shares could swing about 6.9% after earnings, based on levels as of November 18.
Near-term contracts dominate trading, with about half of all Nvidia option volume concentrated in options expiring Nov. 21. The most crowded strike is the $180 level, where more than 226,000 calls and puts are outstanding, showing heavy interest around that price point.
The busiest contract today has been the Nov. 21 $200 call, with around 88,000 trades by midday — another sign traders are bracing for a sizable post-earnings move, most likely to the upside.