NVidia (NVDA) is seeing relative strength and heavy call activity Wednesday. Shares broke to a new 52-week high and were recently up $1.18 to $16.83. The 7.5 percent gain makes it the best gainer in the NASDAQ 100. NVDA seems to be benefiting from news the FTC is filing anti-trust charges against Intel (INTC). On Dec 4, San Jose Mercury News reported the FTC was broadening its investigation beyond Intel’s competition with AMD. NVidia was mentioned. Shares seem to be reacting today’s news and 28K calls traded on NVDA — 7X the typical volume and 4X the number of puts. Trading is scattered across Dec, Jan, Mar and June calls with strike prices ranging from 16 to 20.
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NVIDIA Corp (NVDA) $16.80 +7.38%
Posted on December 16th, 2009 11:35 am
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2 users commented on " NVIDIA Corp (NVDA) $16.80 +7.38% "
Follow-up comment rss or Leave a TrackbackFred, any idea what’s going on with BRK/B? I know the split is comin up but those options do not trade.
Like ever……and I mean ever.
Disclaimer, went long one share of the most expensive stock in the world yesterday……If the options market picks up, woohoo, perhaps I can hedge it even. Split is late JAN last I checked post BNI aquistion………
http://whatstrading.com/index.php?s=BRK%2FB
On the NVIDIA topic, I was long LPL calls, but out now at 50% return…..boooyah Fred.
You already know how $BYT was way too much fun for me.
Here’s hoping though I can clear those solar ($TAN) 10 calls soon.