Mike Khouw Sees Unusual Options Activity In Nvidia

On CNBC's "Options Action," Mike Khouw said calls outpaced puts in Nvidia Corporation NVDA on Tuesday.

The company is going to report earnings on Wednesday after the market closes and the options market is implying a move of 7% in either direction. The stock moved 8% on average over the last 8 quarters, explained Khouw.

During the session on Wednesday, he saw some activity in the November $550 calls. Around 3,000 contracts were traded for $12.50, said Khouw. The trade breaks even at $562.50 or around 5% above the closing price on Tuesday.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date of Trade
ticker
Put/Call
Strike Price
DTE
Sentiment
Posted In: OptionsMarketsMediaCNBCMike KhouwOptions Action
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!