Options on Big Tech Stocks Show Investor Calm Ahead of Earnings.

Options markets are predicting earnings-day movements for major tech companies like Apple, Microsoft, Amazon, Meta Platforms, and Alphabet that align with historical trends, indicating limited demand for protection against potential selloffs. Meta Platforms stands out with a significant difference between implied and past moves due to its past volatility. Investors are closely monitoring these earnings, as these companies make up over 20% of the S&P 500 index, amidst upcoming market-moving events like the US presidential election and Federal Reserve meeting. While Apple and Microsoft have seen discrepancies between implied and actual swings in the past, Meta has often exceeded implied moves by a significant margin. Additionally, Nvidia Corp.'s capital spending outlook will be of interest to investors, as these tech giants are major contributors to the chipmaker's sales. Goldman Sachs' derivatives sales trading desk suggests that the technology sector is attractively priced as earnings season and the US election approach. [Extracted from the article]