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Monday, July 15, 2024

NVIDIA Unusual Options Activity – NVIDIA (NASDAQ:NVDA)

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A whale with a lot of money to spend has taken a noticeably bearish stance on NVIDIA.

Looking at options history for NVIDIA NVDA we detected 86 strange trades.

If we consider the specifics of each trade, it is accurate to state that 29% of the investors opened trades with bullish expectations and 70% with bearish.

From the overall spotted trades, 34 are puts, for a total amount of $5,411,401 and 52, calls, for a total amount of $4,720,849.

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What’s The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $160.0 to $380.0 for NVIDIA over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for NVIDIA options trades today is 4704.87 with a total volume of 890,953.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for NVIDIA’s big money trades within a strike price range of $160.0 to $380.0 over the last 30 days.

NVIDIA Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
NVDA CALL SWEEP BULLISH 05/26/23 $280.00 $767.0K 4.2K 1.2K
NVDA PUT SWEEP BEARISH 06/16/23 $290.00 $729.9K 1.7K 455
NVDA CALL SWEEP BEARISH 05/19/23 $280.00 $522.3K 8.0K 2.2K
NVDA CALL SWEEP BEARISH 05/05/23 $282.50 $494.2K 16.5K 68.9K
NVDA CALL SWEEP BULLISH 06/16/23 $160.00 $376.5K 3.7K 23
Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
NVDA CALL SWEEP BULLISH 05/26/23 $280.00 $767.0K 4.2K 1.2K
NVDA PUT SWEEP BEARISH 06/16/23 $290.00 $729.9K 1.7K 455
NVDA CALL SWEEP BEARISH 05/19/23 $280.00 $522.3K 8.0K 2.2K
NVDA CALL SWEEP BEARISH 05/05/23 $282.50 $494.2K 16.5K 68.9K
NVDA CALL SWEEP BULLISH 06/16/23 $160.00 $376.5K 3.7K 23

Where Is NVIDIA Standing Right Now?

  • With a volume of 17,286,467, the price of NVDA is up 2.94% at $283.72.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 19 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.

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



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