Joanna Will
06-25

Someone just placed a pretty aggressive bet, about $2M in $NVIDIA(NVDA)$  call options with a 310 strike.

From a trading desk perspective, this stands out immediately because of how far it is from the spot price.

Context:

NVDA is around $193.

A 310 strike means deep out-of-the-money convexity.

~$2M in premium, pure upside leverage.

This isn't a "small hedge" type of flow; it's directional exposure to a very aggressive upside scenario.

Could be conviction in a longer AI supercycle, or just positioning for a potential melt-up where people don't want to be underexposed.

Either way, it adds more fuel to an already momentum-heavy name.

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