Last week’s bullish flow in NVidia (NVDA, news, chart) continues today as a customer bought 10,000 NVDA Sep 15 calls for 40 cents tied to a block of stock at 13.29 delta neutral. Stock is up nearly 20% from $11 range seen last week, and the breakeven level for this customer is 15.8% above current levels, suggesting at least one very bullish view on this specialized chip maker.
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Henry Schwartz is the president of Trade Alert LLC, a provider of real-time options analysis tools to leading Wall Street firms. His systems analyze hundreds of thousands of transactions per second to help professionals identify and interpret market activity in real time, supporting informed trading decisions and intelligent idea generation. He has held institutional trading and management roles with Bank of America, Bear Stearns, Salomon Brothers and the Hull Group, and made markets on the CBOE and AMEX floors in the US, and EUREX and MONEP overseas. Prior to founding Trade Alert, he led the electronic market-making group at Bank of America coincident with the launch of the International Securities Exchange. He received his bachelor’s degree in Economics from the University of California, San Diego and his MBA from NYU’s Stern School of Business.