Today, Benzinga's options scanner spotted 10 uncommon options trades for NVIDIA NVDA. The overall sentiment shows 30.0% of the big-money traders are bullish on the stock and 70.0%, bearish. Out of all of the special options found by our algorithm, 3 are puts, for a total amount of $1,104,666 and 7, calls, for a total amount of $969,132.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that the smart money is targeting a price range from $150.0 to $250.0 for NVIDIA in the over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for NVIDIA's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of NVIDIA's smart money trades within a strike price range from $150.0 to $250.0 in 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 | BEARISH | 03/18/22 | $200.00 | $845.0K | 9.2K | 1.0K |
| NVDA | PUT | SWEEP | BULLISH | 11/19/21 | $200.00 | $207.2K | 9.9K | 353 |
| NVDA | CALL | SWEEP | NEUTRAL | 09/24/21 | $220.00 | $52.5K | 4.9K | 1.7K |
| NVDA | CALL | SWEEP | BULLISH | 03/18/22 | $215.00 | $441.3K | 295 | 558 |
| NVDA | CALL | SWEEP | BULLISH | 10/15/21 | $250.00 | $43.2K | 8.5K | 986 |
Where Is NVIDIA Standing Right Now?
- With a volume of 7,014,983, the price of NVDA is up -2.43% over the last 24 hours at $213.68.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 58 days.
What The Experts Say On NVIDIA:
- B of A Securities has decided to maintain their Buy rating on NVIDIA, which currently sits at a price target of $275.0.
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. If you are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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