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NVDA implied move

May 17 2026

NVDA earnings vs. a stretched S&P 500

Volatility skew chart for NVDA showing call skew above the 90-day range with implied volatility on the y-axis and strike price on the x-axis.

For the fourth consecutive week, the S&P 500 has struck records highs. This week’s breach of SPX 7,500 even arrived in the face of hotter-than-expected CPI and PPI prints — data that historically would have triggered a meaningful selloff. The tone shifted somewhat on Friday, as the rally lost steam into monthly OPEX. The week […]

Written by Sherry An · Categorized: Market Analysis, SpotGamma Weekly · Tagged: call options, dealer gamma, dealer hedging, Gamma Exposure, implied vol, market makers, May OPEX 2026, NVDA earnings, NVDA implied move, options market analysis, options volatility skew, semiconductor stocks, spotgamma weekly, SPY put butterfly, tail hedge options

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