Ahead of NVIDIA Corp.'s (NVDA) earnings report released on May 28, 2025, options market activity indicated an expected stock price move of approximately 6% to 8%. Implied volatility for options expiring within two weeks surged, with some contracts pricing in moves as high as 8%, reflecting heightened investor anticipation. The average historical post-earnings move for NVIDIA over the past eight quarters is around 7.4%. Notably, call options, particularly at strike prices of $140 and $150, saw significant buying interest, outpacing puts by a ratio of about 5:3, suggesting bullish sentiment. A prominent trader realized a 43% gain on weekly puts expiring May 30, 2025, netting $218,000 on a $506,000 investment as shares closed near $139.19. Additionally, unusual options activity included a $9.45 straddle implying a 7% move, with analysts attributing some volatility to NVIDIA potentially accelerating shipments of AI GPUs ahead of anticipated U.S. export restrictions. Total options contracts traded reached 52.2 million, with large open interest in June 2025 $160 calls and other notable positions in stocks like EOS and Tesla. Post-earnings, the realized stock price move was approximately 4%, below the implied expectations priced in by options. Other notable options trades included purchases of Best Buy July $72.50 calls and Apple July $185 puts, the latter linked to concerns over the China trade war.