Nvidia (NVDA) traders expect 10% stock move by end of month
Published on Β· Source: cnbc.com
AI Summary
Summarized by AI from the source belowNvidia (NVDA) shares experienced a slight decline on Tuesday amid concerns about OpenAI growth targets, yet options traders took this as a chance to make bullish wagers. Traders anticipate a potential upward movement of approximately 10% in NVDA by the end of next month, as indicated by the price of at-the-money straddles expiring on May 29. Notably, call volume surpassed put volume by more than double, with $648 million spent on calls out of a total $818 million. A specific trade involved a buyer of a 200/260 call spread set to expire in March 2027, indicating expectations of a 21% price increase by that date.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About NVIDIA Corporation (NVDA)
Nvidia designs the graphics and AI accelerator chips that power gaming, data centers, and the generative-AI boom, making it a bellwether for the semiconductor industry.
The Information Technology sector covers hardware, software and semiconductor companies driving the digital economy.
Earlier NVDA news
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- S&P 500 (SPY), Nasdaq (COMP) Hit Record Highs Ahead of Earnings
- S&P 500 Hits New Highs, Nvidia (NVDA) Surges 4% to Record Levels
- Nvidia (NVDA) Stock Rises After Record High, Big Tech Earnings Impact
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