Mon. 18 Oct 2021, 11:57am ETBenzinga
In: Options, Markets

A whale with a lot of money to spend (and possibly insider knowledge) has taken a noticeably bullish stance on NVIDIA.

Looking at options history for NVIDIA(NASDAQ:NVDA) we detected 61 strange trades.

If we consider the specifics of each trade, it is accurate to state that 54.1% of the investors opened trades with bullish expectations and 45.9% with bearish.

From the overall spotted trades, 14 are puts, for a total amount of $2,620,572 and 47, calls, for a total amount of $5,726,289.

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 $160.0 to $240.0 for NVIDIA over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for NVIDIA options trades today is 4591.666666666667 with a total volume of 390,665.

In the following chart, we are able to follow the development of volume and open interest of call and put options for NVIDIA's big money trades within a strike price range of $160.0 to $240.0 over 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 BULLISH 01/20/23 $220.00 $770.0K 1.4K 248
NVDA CALL SWEEP BULLISH 12/17/21 $220.00 $715.6K 6.5K 914
NVDA PUT SWEEP NEUTRAL 10/22/21 $225.00 $474.3K 846 1.1K
NVDA PUT SWEEP BULLISH 11/19/21 $235.00 $445.0K 233 261
NVDA PUT TRADE BEARISH 01/20/23 $160.00 $437.3K 1.9K 402

Where Is NVIDIA Standing Right Now?

  • With a volume of 8,073,470, the price of NVDA is up 1.24% at $221.32.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 30 days.

What The Experts Say On NVIDIA:

  • Keybanc has decided to maintain their Overweight rating on NVIDIA, which currently sits at a price target of $260.0.
  • Susquehanna has decided to maintain their Positive rating on NVIDIA, which currently sits at a price target of $250.0.

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.

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