Nvidia (NVDA) calls are active this morning after Amtech upgraded the stock to Buy from Neutral. The firm has a $26 price target on NVDA and thinks that the second half of 2008 and 2009 will offer a healthy environment for Nvidia. Shares are up 68 cents to $19.46 and 6,010 calls have already traded, compared to 815 put options. The April 20 calls are the most actives. More than 4,000 contracts have traded, with 90 percent of the morning’s trade hitting the ask.
About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.