NVIDIA Corporation ($NVDA) has seen a surge in options trading activity ahead of its earnings report. Notably, aggressive call buyers have entered the market with over $20 million in call options purchased to open, indicating a bullish sentiment. Conversely, there has also been substantial selling of puts, with over $10 million in March 28th $127 puts sold to open. This suggests that some investors believe the implied move of +/- 8.5% surrounding the earnings report is excessive, as they aim to collect premiums from these transactions. The options market is currently characterized by increased volatility, with the implied volatility dropping between orders, reflecting a nuanced outlook among traders.