Looking At NVIDIA's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bullish stance on NVIDIA (NASDAQ:NVDA), with 52% of the investors opening trades with bullish expectations and 47% with bearish. The total amount for puts is $2,028,585 and for calls is $1,140,672. Whales have been targeting a price range from $400.0 to $450.0 for NVIDIA over the last 3 months. The current price of NVDA is down -0.3% at $416.55.
October 26, 2023 | 1:46 pm
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A significant investor has taken a bullish stance on NVIDIA. The total amount for puts is $2,028,585 and for calls is $1,140,672. Whales have been targeting a price range from $400.0 to $450.0 for NVIDIA over the last 3 months.
The news indicates a bullish sentiment from a significant investor, which could potentially drive the stock price up in the short term. The high volume of options trades also suggests increased interest in the stock, which could further influence the price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100