NVIDIA Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for NVIDIA (NASDAQ:NVDA), with a bearish stance taken by a large investor. Benzinga's options scanner spotted 71 uncommon options trades, with 25% bullish and 74% bearish sentiment. The total trade price for 20 puts is $1,347,919, and for 51 calls, it is $3,955,067. Whales have been targeting a price range of $300 to $500 for NVIDIA over the last 3 months.
June 20, 2023 | 2:33 pm
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A large investor has taken a bearish stance on NVIDIA (NASDAQ:NVDA) with unusual options activity. 74% bearish sentiment has been observed, with whales targeting a price range of $300 to $500.
The unusual options activity, with a majority of bearish sentiment, indicates that a large investor is expecting NVIDIA's stock price to decline in the short term. This could potentially impact the stock price negatively as other investors may follow suit or react to the bearish sentiment. The targeted price range of $300 to $500 also suggests that there is uncertainty about the stock's future performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100