Nvidia Corporation NVDA is scheduled to report its second-quarter results after market close on Wednesday.
On CNBC's "Options Action," Michael Khouw of Optimize Advisors said that Nvidia is always one of the busiest single stock options. The options market is implying a move of around 6.4% after the company reports earnings, slightly lower than the 7% average over the past eight quarters, he added.
Check out other stocks making moves in the premarket.
There were buyers of more than 19,000 weekly 180-calls at an average price of $2.53 per contract, Khouw mentioned. Traders expect shares of Nvidia to jump 6% by the end of the week, he added.
NVDA Price Action: Shares of Nvidia Corporation gained 0.86% to settle at $171.81 on Tuesday.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.