Nvidia Traders Bail on Bullish Option Bets as Shares Slide
- About 200,000 lots of $140 calls expiring Jan. 17 traded
- Nvidia shares fall more than 6%, erasing Monday’s gains
Jensen Huang speaks while holding a Project Digits computer during the 2025 CES event in Las Vegas, Nevada, on Jan. 6.
Photographer: Bridget Bennett/BloombergThis article is for subscribers only.
Investors sold large volumes of Nvidia Corp. call options Tuesday as shares faltered after hitting the first record high since November.
Early in the session some 200,000 lots of $140 calls expiring Jan. 17 traded along with 600,000-700,000 contracts of Feb. 21-expiry calls that allowed holders to buy shares at levels ranging from $159 to $165. The calls were mostly sold, according to Chris Murphy, co-head of derivatives strategy at Susquehanna International Group.