NVIDIA Options Traders Betting On Further Upside Into September
Portfolio Pulse from Lisa Levin
NVIDIA Corporation's shares surged to an all-time high after reporting better-than-expected Q2 results and strong Q3 revenue guidance. The stock was the most active single stock option, with calls outpacing puts by 3 to 2. Traders are betting on further upside into September.

August 25, 2023 | 12:49 pm
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NVIDIA's strong Q2 results and Q3 guidance have led to a surge in its stock price. Traders are betting on further upside into September.
NVIDIA's better-than-expected Q2 results and strong Q3 revenue guidance have led to a surge in its stock price. The stock was the most active single stock option, indicating high investor interest. This, coupled with the fact that traders are buying more calls than puts, suggests a bullish sentiment and potential further upside into September.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100