Financial giants have made a conspicuous bearish move on NVIDIA. Our analysis of options history for NVIDIA NVDA revealed 141 unusual trades.
Delving into the details, we found 34% of traders were bullish, while 65% showed bearish tendencies. Out of all the trades we spotted, 53 were puts, with a value of $4,816,362, and 88 were calls, valued at $5,556,959.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $5.0 and $1000.0 for NVIDIA, spanning the last three months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of NVIDIA stands at 5003.62, with a total volume reaching 791,167.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in NVIDIA, situated within the strike price corridor from $5.0 to $1000.0, throughout the last 30 days.
NVIDIA Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| NVDA | CALL | SWEEP | BEARISH | 12/01/23 | $480.00 | $497.8K | 2.0K | 9.4K |
| NVDA | PUT | SWEEP | NEUTRAL | 05/17/24 | $500.00 | $115.6K | 423 | 32 |
| NVDA | CALL | SWEEP | BULLISH | 06/21/24 | $480.00 | $88.1K | 1.1K | 316 |
| NVDA | CALL | SWEEP | BEARISH | 09/20/24 | $520.00 | $86.5K | 415 | 8 |
| NVDA | PUT | TRADE | NEUTRAL | 01/19/24 | $450.00 | $85.7K | 8.7K | 738 |
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.
In light of the recent options history for NVIDIA, it's now appropriate to focus on the company itself. We aim to explore its current performance.
NVIDIA's Current Market Status
- With a volume of 22,673,896, the price of NVDA is down -0.47% at $484.89.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 89 days.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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