A whale with a lot of money to spend has taken a noticeably bearish stance on NVIDIA.
Looking at options history for NVIDIA NVDA we detected 18 strange trades.
If we consider the specifics of each trade, it is accurate to state that 44% of the investors opened trades with bullish expectations and 55% with bearish.
From the overall spotted trades, 11 are puts, for a total amount of $637,415 and 7, calls, for a total amount of $261,847.
What’s The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $165.0 to $250.0 for NVIDIA over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for NVIDIA options trades today is 4945.85 with a total volume of 29,245.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for NVIDIA’s big money trades within a strike price range of $165.0 to $250.0 over the last 30 days.
NVIDIA Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| NVDA | PUT | TRADE | BULLISH | 05/20/22 | $250.00 | $222.0K | 11.6K | 43 |
| NVDA | PUT | SWEEP | BULLISH | 01/20/23 | $165.00 | $89.7K | 2.3K | 0 |
| NVDA | CALL | TRADE | BEARISH | 06/17/22 | $205.00 | $61.1K | 2.3K | 76 |
| NVDA | PUT | TRADE | BULLISH | 05/20/22 | $200.00 | $56.5K | 7.0K | 122 |
| NVDA | CALL | TRADE | BEARISH | 05/06/22 | $190.00 | $50.3K | 6.1K | 2.1K |
Where Is NVIDIA Standing Right Now?
- With a volume of 10,809,475, the price of NVDA is down -3.12% at $189.9.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 21 days.
What The Experts Say On NVIDIA:
- Baird downgraded its action to Neutral with a price target of $225
- Deutsche Bank has decided to maintain their Hold rating on NVIDIA, which currently sits at a price target of $255.
- Barclays has decided to maintain their Overweight rating on NVIDIA, which currently sits at a price target of $295.
- Keybanc has decided to maintain their Overweight rating on NVIDIA, which currently sits at a price target of $310.
- New Street Research upgraded its action to Buy with a price target of $280
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
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