NVIDIA's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors show a divided sentiment on NVIDIA (NASDAQ:NVDA), with a bearish tilt in recent options activity. Benzinga's tracking revealed 176 extraordinary options activities, indicating a potential big move. The sentiment split is 47% bullish and 52% bearish, with a price target range from $625 to $1040. The largest options trades include both bearish puts and bullish calls, suggesting varied expectations. NVIDIA's current market price is up 0.53% at $875, with analysts setting an average target price of $1090.
April 11, 2024 | 2:01 pm
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Recent options activity on NVIDIA shows a bearish tilt among investors, with a significant volume of trades aiming for a price range between $625 and $1040. Analysts remain optimistic, setting an average target price of $1090.
The mixed sentiment among investors, as evidenced by the nearly balanced bullish and bearish options activity, suggests uncertainty about NVIDIA's short-term price direction. However, the overall bullish stance from analysts, with target prices well above the current market price, could counterbalance the bearish sentiment among options traders. The significant volume of options activity indicates high interest and potential volatility, but the analysts' optimistic target prices suggest confidence in the company's fundamentals and future performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100