Deep-pocketed investors have adopted a bearish approach towards NVIDIA NVDA, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in NVDA usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 279 extraordinary options activities for NVIDIA. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 43% leaning bullish and 46% bearish. Among these notable options, 26 are puts, totaling $1,945,197, and 253 are calls, amounting to $19,205,178.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $104.0 to $191.0 for NVIDIA during the past quarter.
Analyzing Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in NVIDIA's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to NVIDIA's substantial trades, within a strike price spectrum from $104.0 to $191.0 over the preceding 30 days.
NVIDIA Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NVDA | CALL | SWEEP | BULLISH | 12/27/24 | $1.37 | $1.36 | $1.37 | $142.00 | $239.0K | 33.8K | 88.7K |
| NVDA | CALL | SWEEP | BULLISH | 12/27/24 | $1.38 | $1.36 | $1.37 | $142.00 | $164.2K | 33.8K | 85.6K |
| NVDA | CALL | TRADE | BEARISH | 12/27/24 | $1.04 | $1.03 | $1.03 | $142.00 | $144.5K | 33.8K | 68.8K |
| NVDA | CALL | SWEEP | BULLISH | 12/27/24 | $1.07 | $1.06 | $1.07 | $142.00 | $128.6K | 33.8K | 79.4K |
| NVDA | CALL | SWEEP | BEARISH | 12/27/24 | $1.41 | $1.4 | $1.4 | $142.00 | $128.3K | 33.8K | 94.4K |
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.
Current Position of NVIDIA
- Currently trading with a volume of 56,542,252, the NVDA's price is up by 1.1%, now at $141.21.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 64 days.
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Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest NVIDIA options trades with real-time alerts from Benzinga Pro.
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