Following Nvidia's earnings report, traders are gearing up for several important earnings announcements. Walmart, which has seen a 16% increase this year, is the most actively traded stock in options, with over 154,000 contracts exchanged. Despite a recent drop in share price after four of the last five reports, options traders anticipate a 4.3% move.
In contrast, Nio, a Chinese electric vehicle manufacturer, has gained 9% this year, attracting speculators with its low stock price under $5.6. It saw over 110,000 calls traded, indicating bullish sentiment. Webull, however, is struggling with a 15% decline year-to-date, and options traders are buying significantly more calls than puts, suggesting a potential rebound.
Lastly, Advance Auto Parts stands out with a 32% increase this year, and traders are expecting an 11% move, with call volume significantly outpacing puts. This activity reflects a broader trend of traders seeking opportunities in both struggling and outperforming stocks as earnings reports loom