NVIDIA short-term options active ahead of earnings
NVIDIA short-term options active ahead of earnings. The stock down $6.31 to $165.80 ahead of a report later today and after noted short seller Andrew Left said he is short the stock ahead of the numbers. In option action, sentiment seems mixed. 6K Aug 11th 170 calls traded. Aug 11th 155 puts, 167.5 calls, and 145 puts are busy as well. In fact, the nine most active in NVIDIA, and 43% of the flow, is options that expire the day after today's profit report. Meanwhile, the at the money straddle reflects expectations for 9% post-earnings move and a far cry from the 17.8% spike on 5/10/17. The stock is up another 36.7% since that time as well.