NVIDIA (NASDAQ:NVDA) – What Are Whales Doing With NVIDIA

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 13 strange trades.

If we consider the specifics of each trade, it is accurate to state that 38% of the investors opened trades with bullish expectations and 61% with bearish.

From the overall spotted trades, 8 are puts, for a total amount of $415,247 and 5, calls, for a total amount of $575,985.

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 $110.0 to $280.0 for NVIDIA 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 whale trades within a strike price range from $110.0 to $280.0 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 CALL SWEEP BEARISH 06/21/24 $200.00 $425.8K 2.1K 225
NVDA PUT SWEEP BULLISH 12/16/22 $135.00 $106.4K 1.9K 11
NVDA PUT TRADE BEARISH 10/21/22 $195.00 $60.8K 1.4K 0
NVDA PUT TRADE BEARISH 10/07/22 $140.00 $60.0K 1.4K 100
NVDA PUT TRADE BULLISH 03/17/23 $160.00 $56.9K 5.8K 20









Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
NVDA CALL SWEEP BEARISH 06/21/24 $200.00 $425.8K 2.1K 225
NVDA PUT SWEEP BULLISH 12/16/22 $135.00 $106.4K 1.9K 11
NVDA PUT TRADE BEARISH 10/21/22 $195.00 $60.8K 1.4K 0
NVDA PUT TRADE BEARISH 10/07/22 $140.00 $60.0K 1.4K 100
NVDA PUT TRADE BULLISH 03/17/23 $160.00 $56.9K 5.8K 20

Where Is NVIDIA Standing Right Now?

  • With a volume of 4,407,439, the price of NVDA is down -0.32% at $143.41.
  • RSI indicators hint that the underlying stock may be oversold.
  • Next earnings are expected to be released in 65 days.

What The Experts Say On NVIDIA:

  • Craig-Hallum has decided to maintain their Hold rating on NVIDIA, which currently sits at a price target of $165.
  • Needham has decided to maintain their Buy rating on NVIDIA, which currently sits at a price target of $170.
  • Barclays has decided to maintain their Overweight rating on NVIDIA, which currently sits at a price target of $190.
  • BMO Capital has decided to maintain their Outperform rating on NVIDIA, which currently sits at a price target of $230.
  • Truist Securities has decided to maintain their Buy rating on NVIDIA, which currently sits at a price target of $198.

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 want to stay updated on the latest options trades for NVIDIA, Benzinga Pro gives you real-time options trades alerts.



Image and article originally from www.benzinga.com. Read the original article here.