08:14 AM EDT, 05/21/2024 (MT Newswires) -- Nvidia's ( NVDA ) options are primed for an 8.7% swing in either direction by Friday as traders are expecting for a big shift in the chipmaker's stock price following Wednesday's earnings report, Reuters reported Tuesday, citing data from options analytics firm Trade Alert.

That would translate to a market cap swing of about $200 billion, according to the report.

The volatility, however, is less intense than previous periods, the Reuters report said.

The anticipated move pales compared with the 16.4% jump in Nvidia's ( NVDA ) shares after its last quarterly earnings report and is lower than the average 12% move traders have priced in over the last eight quarters, according to the report.

"Volatility and expectations had been a fair amount higher the last time around," Chris Murphy, co-head of derivative strategy at Susquehanna Financial Group, was quoted by Reuters as saying.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 952.53, Change: +4.73, Percent Change: +0.50