This Is What Whales Are Betting On NVIDIA
Portfolio Pulse from Benzinga Insights
A large bearish position on NVIDIA (NASDAQ:NVDA) has been spotted, with 28 uncommon options trades identified by Benzinga's options scanner. The overall sentiment of these big-money traders is 35% bullish and 64% bearish. Whales have been targeting a price range from $340 to $545 for NVIDIA over the last 3 months.
June 06, 2023 | 1:47 pm
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A large bearish position has been identified on NVIDIA (NASDAQ:NVDA), with 28 uncommon options trades and a 64% bearish sentiment among big-money traders. Whales have targeted a $340-$545 price range over the last 3 months.
The large bearish position and the 64% bearish sentiment among big-money traders indicate that there may be a negative short-term impact on NVIDIA's stock price. The targeted price range of $340-$545 over the last 3 months also suggests that there is potential for price movement within this range.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100