TechFlow news, November 18 — According to Jinshi Data, as NVIDIA prepares to release its fiscal 2024 third-quarter earnings, data from the Chicago Board Options Exchange (CBOE) shows traders expect a significant post-earnings price swing of approximately 12%, equivalent to about $407 billion in market value. Citigroup strategist Vishal Vivek noted that the company's stock has averaged price swings of over 9% during the past eight fiscal quarters.
CBOE data indicates that the most actively traded NVIDIA options contracts recently are call options for shares rising to $155 and $162.50. Wall Street analysts project NVIDIA’s third-quarter sales at around $33 billion and profits at $17.4 billion, a substantial increase compared to $18.1 billion in revenue and $9.2 billion in profit from the same period last year. JJ Kinahan, CEO of IG North America, said investors are particularly focused on demand for NVIDIA’s newly launched Blackwell chips.
