Stocks
Nvidia Options Unusually Cheap Ahead of Trump-Xi Meeting and Micron Earnings
Nvidia's shares have surged by 24% in 2026, reaching five consecutive sessions and sitting just 3.5% below its all-time closing high of $235.74 set in May.
The company is expected to face two key catalysts: Chinese President Xi Jinping meeting with President Trump this Thursday, where AI will likely be a main topic of discussion, and Micron's fiscal Q4 earnings report on September 30, which could impact Nvidia's AI memory demand.
Nvidia's option prices are unusually low, with its implied volatility near its lowest level in the past year, indicating that the market doesn't expect significant movement over the coming weeks.