Looking At NVIDIA's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant number of investors have taken a bearish stance on NVIDIA (NASDAQ:NVDA), with 72% of the 107 unusual trades detected being bearish. The total amount for puts was $4,202,178 and for calls was $2,697,748. Whales have been targeting a price range from $300.0 to $500.0 for NVIDIA over the last 3 months. The current price of NVDA is down -4.53% at $440.07.
October 17, 2023 | 1:46 pm
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NEGATIVE IMPACT
Bearish sentiment detected in NVIDIA's options activity. Whales targeting $300-$500 range. NVDA price down -4.53% at $440.07.
The bearish sentiment detected in NVIDIA's options activity, along with the current price drop, suggests a potential short-term negative impact on the stock. The targeted price range by whales also indicates a possible downward pressure on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100