NVIDIA's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Financial giants are showing a bullish sentiment towards NVIDIA, with 362 unusual options trades detected. 52% of traders are bullish, and 36% are bearish. The majority of trades are calls, valued at $21.7 million, indicating a positive outlook. NVIDIA's stock is currently up by 1.5%, but RSI indicators suggest it may be overbought.
October 07, 2024 | 3:01 pm
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NVIDIA's options trading shows a bullish sentiment with 52% of traders optimistic. The stock is up 1.5%, but RSI suggests it may be overbought. Significant call options indicate a positive outlook.
The analysis of NVIDIA's options trading shows a majority of call options, indicating bullish sentiment. The stock's recent price increase and the high value of call options suggest a positive short-term outlook. However, the RSI indicator warns of potential overbought conditions, which could temper the bullish sentiment.
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