Smart Money Shows Strong Interest in NVDA Options

Investors with significant capital are taking a bullish stance on NVIDIA (NASDAQ: NVDA), which is an important development that other market participants should consider seriously. Recent analysis from public options data has revealed noteworthy activity today that could indicate a potential shift in the stock's momentum.

According to the observations made today, the options scanner highlighted a remarkable 183 unusual options transactions for NVIDIA. This heightened level of activity is something that stands out from the norm.

The sentiment among these larger investors appears mixed, with approximately 45% favoring a bullish outlook while 44% remain bearish. Specifically, the options include 72 put contracts, amounting to $5,869,285, and 111 call contracts, which total $7,034,599.

Price Target Insights

Based on an analysis of the recent volume and open interest surrounding these contracts, it looks like large investors might be targeting a price range between $80.00 and $180.00 for NVIDIA over the past three months.

Understanding Volume and Open Interest

Examining volume and open interest data is crucial when trading options. This information helps traders gauge liquidity and investor interest for NVIDIA's options at specific strike prices. Below is a snapshot of how the volume and open interest for calls and puts have evolved over the last 30 days for significant trades within a strike price range from $80.00 to $180.00.

NVIDIA's 30-Day Option Volume & Interest Overview

Notable Options Trades Recorded:

Symbol	PUT/CALL	Trade Type	Sentiment	Exp. Date	Ask	Bid	Price	Strike Price	Total Trade Price	Open Interest	Volume
NVDA	CALL	SWEEP	NEUTRAL	10/25/24	$1.79	$1.78	$1.78	$142.00	$561.4K	129.3K	24.6K
NVDA	CALL	SWEEP	BULLISH	10/25/24	$2.11	$2.08	$2.1	$141.00	$209.5K	14.8K	11.3K
NVDA	CALL	SWEEP	BEARISH	10/25/24	$1.83	$1.82	$1.82	$142.00	$173.0K	129.3K	28.1K
NVDA	CALL	SWEEP	BEARISH	10/25/24	$2.82	$2.79	$2.8	$140.00	$168.4K	55.8K	13.2K
NVDA	PUT	SWEEP	BULLISH	11/15/24	$1.23	$1.21	$1.21	$120.00	$105.4K	41.3K	554

About NVIDIA

NVIDIA is recognized as a leading developer of graphics processing units (GPUs). Initially, GPUs were primarily used to improve performance on computing platforms, particularly for gaming. However, the applications of GPUs have significantly expanded into critical areas like artificial intelligence (AI). NVIDIA not only provides AI GPUs but also offers a software platform called CUDA, which is essential for developing and training AI models. Additionally, NVIDIA is enhancing its data center networking solutions, enabling multiple GPUs to collaborate on complex tasks.

NVIDIA's Current Market Situation

• The trading volume for NVIDIA currently stands at 7,999,297, with its stock price decreasing by 1.25%, now at $141.80.
• Relative Strength Index (RSI) indicators suggest that the stock may be nearing overbought territory.
• An earnings announcement is anticipated in 27 days.

Expert Opinions on NVIDIA

In the past month, five experts have provided ratings on NVIDIA, with an average target price set at $163.00.

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A seasoned options trader with 20 years of experience reveals a one-line chart technique that may indicate optimal buying and selling opportunities. By following his trades, which have historically yielded an average profit of 27% every 20 days, investors can potentially enhance their strategies. Click here for access. * Reflecting existing concerns, an analyst at UBS has lowered its rating to "Buy" with a new price target of $150. * In a cautious step, an analyst from Cantor Fitzgerald has downgraded its rating to "Overweight," setting a price target of $175. * Goldman Sachs has maintained its stance, holding a "Buy" rating for NVIDIA with a target price of $150. * Meanwhile, an analyst from Morgan Stanley has also downgraded its stance to "Overweight" with a price target of $150. * Consistently, an analyst from B of A Securities continues with a "Buy" rating on NVIDIA, aiming for a price of $190.

Trading options carries higher risks, but it also offers the potential for greater rewards. Experienced traders manage these risks through continuous education, strategic adjustments to trades, the use of various indicators, and by monitoring market trends. Keep abreast of the latest options activities for NVIDIA with reliable market analysis tools for real-time updates.

investors, options, trading, NVIDIA