Nvidia (NVDA) shares are off 2.5% to $11.30 and stock holders appear to be getting nervous about graphic chipmaker’s the near term outlook. The July $11 put has traded 24,300 contracts against prior open interest of 7,896. Most of the volume was done early today buying at the ask which started with 4,500 block at $0.30 cents and culminated with a couple of thousand at $0.45 within the first hour of trading minutes. The buying drove IV up 7% to 57% but has since retreated to the 54% level.