NVIDIA Corporation NVDA is scheduled to release quarterly earnings after the closing bell on Feb. 22.
Analysts expect the company to post quarterly earnings at $0.81 per share on revenue of about $6 billion.
On CNBC’s "Options Action," Mike Khouw of Optimize Advisors said NVIDIA is implying an move of +/-7% by the end of the week.
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There were buyers of 19,656 of the February 24 weekly 200-puts at an average price of $4 per contract, Khouw mentioned.
The traders expect NVIDIA’s stock to move lower following the release of earnings.
Price Action: NVIDIA shares dropped 3.4% to close at $206.55 on Tuesday.
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