Smart Money's Bullish Bets on NVIDIA Options

Recent market activity highlights a growing bullish sentiment among wealthy investors regarding NVIDIA (NVDA). These actions are significant and should not be overlooked by market participants. Our analysis of public options records has revealed noteworthy movements in NVDA options trading.

Today, our observations showed that Benzinga's options scanner recorded 183 remarkable options activities pertaining to NVIDIA. This surge in activity is certainly not typical and indicates a heightened interest in the stock.

The sentiment among these large investors appears to be mixed, with approximately 45% of them taking a bullish stance, while 44% are bearish. Specifically, there are 72 put options worth $5,869,285, contrasted with 111 call options totaling $7,034,599, suggesting a slight preference for calls.

Price Target Insights

Analyzing the volume and open interest in these contracts suggests that institutional investors are eyeing a price target range between $80.00 and $180.00 for NVIDIA over the past three months. This range reflects diverse expectations for the stock's performance moving forward.

Volume and Open Interest Analysis

Understanding volume and open interest is vital when trading options. This information provides insights into the liquidity and investor interest concerning NVIDIA's options at various strike prices. Below is a review of the trends in volume and open interest for NVIDIA's significant options trades within the targeted strike price range of $80.00 to $180.00 over the last 30 days.

NVIDIA's 30-Day Option Volume & Interest Snapshot

Data visualization would be included here

Key Options Trades

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 a prominent developer of graphics processing units (GPUs). Initially, GPUs were primarily used to improve graphics on computing platforms, particularly in gaming. However, the use cases have evolved, and GPUs have become essential in the field of artificial intelligence (AI). NVIDIA not only produces AI-capable GPUs but also offers a software platform called CUDA that supports AI model development and training. Additionally, the company is advancing its data center networking solutions, which help connect GPUs to manage complex workloads efficiently.

NVIDIA's Current Market Position

• The current trading volume is 7,999,297, with NVDA's price decreasing by 1.25%, now at $141.80.
• Relative Strength Index (RSI) indicators suggest that the stock may be approaching overbought territory.
• Upcoming earnings announcement is anticipated in 27 days.

Expert Opinions on NVIDIA

In the past month, analysts have given various ratings for NVIDIA, which yield an average target price of $163.00. Here are some notable opinions:

• An analyst from UBS has recently lowered its rating to "Buy," with a revised target price of $150.
• Cantor Fitzgerald has also downgraded its outlook to "Overweight," targeting a price of $175.
• Goldman Sachs maintains a "Buy" rating, forecasting a price of $150.
• Morgan Stanley has shifted its rating to "Overweight" with a target of $150.
• B of A Securities holds a consistent "Buy" rating with a target price of $190.

Although trading options can involve higher risk, it also presents opportunities for significant profits. Strategic traders manage risks through continuous education, timely trade adjustments, the use of various market indicators, and by keeping an eye on market changes. To stay updated on NVIDIA's latest options trades, investors can utilize real-time alerts from trading platforms.

investors, options, NVIDIA