---
title: "Earnings season sparks options volatility as oil fuels trading plays"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286819957.md"
description: "Earnings season is causing a spike in options volatility, with elevated premiums ahead of key earnings from Nvidia, Walmart, Home Depot, Target, and Baidu. Rising crude prices are boosting ConocoPhillips stock, making certain options attractive for income-focused sellers. Additionally, corporates are increasingly using FX options to hedge against currency fluctuations while maintaining potential upside amid market volatility."
datetime: "2026-05-18T21:11:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286819957.md)
  - [en](https://longbridge.com/en/news/286819957.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286819957.md)
---

# Earnings season sparks options volatility as oil fuels trading plays

Earnings volatility spike: Options premiums are elevated ahead of key earnings from Nvidia, Walmart, Home Depot, Target, and Baidu, with traders eyeing expected price ranges. Oil fuels COP trades: Rising crude prices are lifting ConocoPhillips stock, making out-of-the-money puts and covered calls attractive for income-focused options sellers. FX hedging shift: Corporates are increasingly using FX options to mitigate currency swings while preserving upside, especially amid heightened market volatility.

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- [US energy firms pull record amounts of crude from SPR last week, EIA says](https://longbridge.com/en/news/286284024.md)
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