Is Nvidia Headed Even Lower?

Popular chipmaker Nvidia (NVDA) saw its share price drop nearly 8% in a day last week.

Pixabay

News came out that the company wouldn’t be able to export some chips to China.  A trader used the opportunity to buy over $4 million worth of April 2023 puts. Although this was a very large put purchase, it’s challenging to say whether this is a bearish bet or a hedge. 


More By This Author:

Trade of the Week: SNAP
The Secret To My 95% Win Rate Revealed
Trade Of The Week: SPY

Disclaimer: Information contained in this email and websites maintained by Investors Alley Corp. ("Investors Alley") are provided for educational purposes only and are neither an offer ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments