Nvidia (NVDA) volatility elevated into Q3 results and guidance

Nvidia (Nasdaq: NVDA) is recently down 70c to $14.38 following JMP Securities downgrading the company to Market Perform and lowered its price target to $18. November call option implied volatility is at 74, December is at 62; above its 26-week average of 56 according to Track Data, suggesting larger price movement into the expected release of Q3 results on November 10.

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