A Closer Look at NVIDIA's Options Market Dynamics

Financial giants have made a conspicuous bullish move on NVIDIA. Our analysis of options history for NVIDIA NVDA revealed 69 unusual trades.

Delving into the details, we found 43% of traders were bullish, while 39% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $151,324, and 66 were calls, valued at $4,436,238.

Expected Price Movements

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $0.5 to $160.0 for NVIDIA during the past quarter.

Analyzing Volume & Open Interest

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for NVIDIA's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of NVIDIA's whale activity within a strike price range from $0.5 to $160.0 in the last 30 days.

NVIDIA 30-Day Option Volume & Interest Snapshot

Largest Options Trades Observed:

About NVIDIA

Nvidia is a leading developer of graphics processing units. Traditionally, GPUs were used to enhance the experience on computing platforms, most notably in gaming applications on PCs. GPU use cases have since emerged as important semiconductors used in artificial intelligence. Nvidia not only offers AI GPUs, but also a software platform, Cuda, used for AI model development and training. Nvidia is also expanding its data center networking solutions, helping to tie GPUs together to handle complex workloads.

Following our analysis of the options activities associated with NVIDIA, we pivot to a closer look at the company's own performance.

NVIDIA's Current Market Status

• With a volume of 17,304,988, the price of NVDA is up 2.52% at $143.43.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 14 days.

Professional Analyst Ratings for NVIDIA

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $163.0.

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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * An analyst from UBS downgraded its action to Buy with a price target of $150. * Maintaining their stance, an analyst from Goldman Sachs continues to hold a Buy rating for NVIDIA, targeting a price of $150. * An analyst from B of A Securities persists with their Buy rating on NVIDIA, maintaining a target price of $190. * Reflecting concerns, an analyst from Cantor Fitzgerald lowers its rating to Overweight with a new price target of $175. * In a cautious move, an analyst from Morgan Stanley downgraded its rating to Overweight, setting a price target of $150.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for NVIDIA, Benzinga Pro gives you real-time options trades alerts.