NVidia (NVDA, news, chart) is seeing yet another day of active call volume. The stock is up 60 cents to $14.02 and not far from session highs ($14.10) and 47,000 calls have traded, compared to 6,100 puts. Calls in NVidia have been active since last Tuesday and just before the company announced earnings. Some players might now be banking profits after the 14.5 percent run higher in the share price since that time. However, some traders are still looking for more upside profits as the September 15 and 20 calls are the most actives, with more than 25,000 contracts traded and roughly 57 percent of today’s volume trading offerside.
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.