Traders shift focus to Nvidia’s September 25 options chain following a 7% post-earnings gain aligning with predictions.
Nvidia’s stock rose 7% in premarket trading Thursday, closely matching the options market’s projected 6.1% post-earnings move. The accuracy of the forecast has traders now eyeing the September 25 options chain for the next one-month outlook.
Prior to earnings, options implied a tight range around the stock’s move, which materialized almost precisely. The shift to September contracts suggests traders are positioning for further upside, with $260 emerging as a key target.
No immediate market reaction data was provided, but the alignment of options pricing and actual movement indicates strong trader conviction.