Nvidia options signal $280 billion swing after earnings report

Options traders expect a $280 billion swing in Nvidia's market value after its Wednesday earnings report, reflecting a 5.4% implied move. This is below the 6.5% implied before May results and the 7.4% historical average, signaling reduced volatility expectations. The smaller expected move suggests Nvidia is becoming more predictable, with actual post-earnings swings frequently undershooting options pricing over the past two years. Analysts note the era of massive earnings surprises and 10-20% stock moves appears over, as investors focus on revenue guidance and AI chip demand. Nvidia shares fell for a seventh straight session Monday but remain up 11.7% this year. The report comes amid market unease over rising Treasury yields, with investors watching hyperscaler capital spending and AI infrastructure investments as key indicators for the broader technology sector.