Whales with a lot of money to spend have taken a noticeably bearish stance on NVIDIA.
Looking at options history for NVIDIA NVDA we detected 32 trades.
If we consider the specifics of each trade, it is accurate to state that 40% of the investors opened trades with bullish expectations and 59% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $373,838 and 29, calls, for a total amount of $1,590,377.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $125.0 to $150.0 for NVIDIA over the last 3 months.
Insights into Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $125.0 to $150.0 in the last 30 days.
NVIDIA Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NVDA | PUT | SWEEP | BEARISH | 01/17/25 | $18.15 | $18.1 | $18.15 | $150.00 | $254.6K | 17.9K | 249 |
| NVDA | CALL | TRADE | BULLISH | 01/17/25 | $12.9 | $12.7 | $12.9 | $125.00 | $129.0K | 91.4K | 202 |
| NVDA | CALL | SWEEP | BEARISH | 12/27/24 | $3.7 | $3.65 | $3.65 | $134.00 | $127.7K | 57.5K | 1.3K |
| NVDA | CALL | SWEEP | BULLISH | 12/20/24 | $4.7 | $4.6 | $4.6 | $130.00 | $95.4K | 64.5K | 1.3K |
| NVDA | CALL | SWEEP | BEARISH | 12/20/24 | $3.8 | $3.75 | $3.75 | $131.00 | $78.7K | 13.5K | 1.2K |
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.
Present Market Standing of NVIDIA
- With a volume of 12,388,943, the price of NVDA is up 2.58% at $133.76.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 70 days.
What The Experts Say On NVIDIA
5 market experts have recently issued ratings for this stock, with a consensus target price of $185.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * Maintaining their stance, an analyst from Rosenblatt continues to hold a Buy rating for NVIDIA, targeting a price of $220. * Consistent in their evaluation, an analyst from TD Cowen keeps a Buy rating on NVIDIA with a target price of $175. * Reflecting concerns, an analyst from Loop Capital lowers its rating to Buy with a new price target of $175. * Consistent in their evaluation, an analyst from Benchmark keeps a Buy rating on NVIDIA with a target price of $190. * An analyst from Goldman Sachs persists with their Buy rating on NVIDIA, maintaining a target price of $165.
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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