Mrzorro
2023-10-18

Options Market Statistics: Nvidia Stock Falls After U.S. Announces New Restrictions on AI Chip Exports, Options Pop


$NVIDIA Corp(NVDA)$  shares fell by 4.68%, closing at $439.38. Its options trading volume is 1.52 million. Call contracts account for 54.8% of the whole trading volume. The most traded calls are contracts of $9.5 strike price that expire on October 20th.

Reuters reported that the U.S. intends to tighten restrictions on AI chip exports to China and Nvidia's H800 chip, citing a U.S. government official and industry sources. Nvidia stock fell Tuesday. The Commerce Department, which oversees export controls, didn't immediately respond to a request for comment on Monday.

Nvidia has previously said that it wouldn't see any near-term impact on its earnings from expanding export restrictions to cover the H800 and A800, two chips specifically designed for the Chinese market. However, Nvidia executives have said blanket bans on exports to China would affect the long-term growth of the U.S. chip industry.

$Tesla Motors(TSLA)$  shares rose by 0.37%, closing at $254.85. Its options trading volume is 0.98 million. Call contracts account for 54.2% of the whole trading volume. The most traded puts are contracts of a $105 strike price that expires on October 20th; the volume is 32,421 contracts with an open interest of 4,590.


$AMC Entertainment(AMC)$  shares rose by 5.68%, closing at $9.86. Its options trading volume is 0.18 million. Call contracts account for 62.2% of the whole trading volume. The most traded calls are contracts of $10 strike price that expire on October 20th. The total volume reaches 18,860 with an open interest of 11,035. The most traded puts are contracts of a $8 strike price that expires on October 20th; the volume is 15,145 contracts with an open interest of 9,011.

The film Taylor Swift: The Eras Tour, which chronicles the stadium tour as well as highlights from the seventeen-year career of one of the world's biggest and most lucrative entertainers, likely drew between $95 million and $105 million in weekend revenues in the U.S. and Canada, based on data from Comscore and Boxoffice Pro, with another $30 million-plus from international markets.

The overall tally for the Eras Tour film, which was shot from performances at Los Angeles' SoFi stadium, dwarfs the previous concert film record, attributed to Justin Bieber's 2011 release 'Never Say Never', which drew around $29.5 million in its opening weekend and $99 million from hits entire months-long run.



@TigerStars  @CaptainTiger  @Daily_Discussion  @TigerWire  @Tiger_chat  @Tiger_comments  @MillionaireTiger  

šŸ’° Stocks to watch today?(17 May)
1. What news/movements are worth noting in the market today? Any stocks to watch? 2. What trading opportunities are there? Do you have any plans? šŸŽ Make a post here, everyone stands a chance to win Tiger coins!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • YvetteGunther
    2023-10-28
    YvetteGunther

    Even fakehog Ashley valued Nvidia at $643. WOW! That was a change -a huge change in his attitude. However I happen to think that it will go much higher than $643 . Target should be $1.100

  • YvetteGunther
    2023-10-28
    YvetteGunther

    NVDA, an over crowded trade, in a semi bear market, capitulation is necessary before we get a trading bottom. 300-320 and that's the minimum.

  • YorkTurner
    2023-10-28
    YorkTurner

    NVDA Q3 earnings projected to be $3.25. That's $13 annualized.

  • YvetteGunther
    2023-10-28
    YvetteGunther

    The AI bubble from Jan - Sept popped and 300-320 is where NVDA is going.

  • YvetteGunther
    2023-10-28
    YvetteGunther

    Back to 500 before earnings and then an additional 15% rise on top. Patience.

  • shining87
    2023-10-28
    shining87

    Sold it at 455 two weeks ago,bought it back at 404 hope i am not too early .

Leave a comment
6