NVIDIA Unusual Options Activity For August 04
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for NVIDIA (NASDAQ:NVDA), with a bearish stance being taken by a majority of investors. Of the 48 strange trades detected, 60% were bearish and 39% bullish. The total amount for puts was $9,048,668 and for calls was $2,896,453. The targeted price range for NVIDIA over the last 3 months has been from $170.0 to $620.0. The current price of NVDA is up 1.75% at $452.92. Several financial institutions have maintained their Buy rating on NVIDIA, with price targets ranging from $495 to $550.
August 04, 2023 | 3:36 pm
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NVIDIA has seen unusual options activity, with a bearish stance being taken by a majority of investors. The current price of NVDA is up 1.75% at $452.92. Several financial institutions have maintained their Buy rating on NVIDIA, with price targets ranging from $495 to $550.
The unusual options activity indicates that there is a significant amount of interest in NVIDIA's stock, which could lead to increased volatility. The bearish stance taken by a majority of investors could potentially put downward pressure on the stock price. However, the maintained Buy ratings from several financial institutions suggest that they believe the stock has potential for growth, which could counteract the bearish sentiment.
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IMPORTANCE 75
RELEVANCE 100