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Monday, April 07, 2025 3:27:27 PM
Buy the Dip? Options Traders Scoop Up Nvidia Stock
By: Schaeffer's Investment Research | April 7, 2025
• NVDA earlier gapped to its lowest level since May but has since turned higher
• NVDA looks like an ideal premium-selling candidate
The chip sector melted down on Friday in response to President Donald Trump's tariffs, with new threats of an additional 50% levy on China if Beijing doesn’t drop retaliatory duties. Today though, Nvidia Corp (NASDAQ:NVDA) stock was last seen up 3.8% to trade at $97.88, as traders rush to buy the dip after a third-straight weekly loss. The shares dropped more than 15% over the past two sessions and earlier slipped to their lowest level since May, culminating in a 26.6% year-to-date deficit.
Nvidia was the most popular stock with options traders in the past 10 days, per Schaeffer's Senior Quantitative Analyst Rocky White's list of stocks that attracted the highest options volume within that period. NVDA saw more than 26 million calls and 17 million puts traded, easily outpacing Big Tech peers Tesla (TSLA) and Apple (AAPL). The weekly 3/28 110-strike put was the most active contract in the last two weeks, followed by the weekly 4/4 105-strike call.
Now looks like an great time to weigh in with options, with one specific strategy in mind. The equity's Schaeffer's Volatility Scorecard (SVS) sits at a 24 out of 100, making it a prime premium-selling candidate.
Read Full Story »»»
DiscoverGold
By: Schaeffer's Investment Research | April 7, 2025
• NVDA earlier gapped to its lowest level since May but has since turned higher
• NVDA looks like an ideal premium-selling candidate
The chip sector melted down on Friday in response to President Donald Trump's tariffs, with new threats of an additional 50% levy on China if Beijing doesn’t drop retaliatory duties. Today though, Nvidia Corp (NASDAQ:NVDA) stock was last seen up 3.8% to trade at $97.88, as traders rush to buy the dip after a third-straight weekly loss. The shares dropped more than 15% over the past two sessions and earlier slipped to their lowest level since May, culminating in a 26.6% year-to-date deficit.
Nvidia was the most popular stock with options traders in the past 10 days, per Schaeffer's Senior Quantitative Analyst Rocky White's list of stocks that attracted the highest options volume within that period. NVDA saw more than 26 million calls and 17 million puts traded, easily outpacing Big Tech peers Tesla (TSLA) and Apple (AAPL). The weekly 3/28 110-strike put was the most active contract in the last two weeks, followed by the weekly 4/4 105-strike call.
Now looks like an great time to weigh in with options, with one specific strategy in mind. The equity's Schaeffer's Volatility Scorecard (SVS) sits at a 24 out of 100, making it a prime premium-selling candidate.
Read Full Story »»»
DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
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