Strategist Explains How Nvidia Options Traders Should Position Themselves Ahead Of Friday's Stock Split
Portfolio Pulse from Shanthi Rexaline
Nvidia Corp. (NASDAQ:NVDA) shares retreated after breaching the $3 trillion market cap. Options strategist Matt Amberson discussed the high volatility and pricing of Nvidia options ahead of the company's 10-for-1 stock split. The split aims to make the stock more affordable for retail traders. Nvidia also announced a 150% increase in its quarterly dividend. Despite its dominant position in AI, some experts question its valuation.
June 07, 2024 | 10:35 am
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Nvidia's stock experienced a retreat after surpassing a $3 trillion market cap. The upcoming 10-for-1 stock split and a 150% increase in quarterly dividends are key events. Options traders are preparing for high volatility.
The stock split and dividend increase are significant events that could attract more retail investors and potentially drive the stock price up. The high volatility in options trading indicates strong market interest.
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