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Shares of Nvidia fell a bit on Tuesday after a WSJ report raised questions about OpenAI growth targets.
Nvidia options saw a spike in implied volatility as traders piled in with bullish bets.
KEY POINTS
- Call volume in Nvidia options more than doubled put volume, with $648 million spent on calls.
- Traders expect Nvidia stock to move upwards of 10% by end of next month.
- The largest Nvidia trades involved spreads, notably a 200/260 call spread expiring March 2027.
- This major options trade predicts Nvidia shares will reach $260 by March 2027, a 21% increase.
COMPANIES
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