Unusual Option Talks? Nvidia Towards 540?!
The market saw a Monday rebound, with tech stocks leading, particularly $NVIDIA Corp(NVDA)$ with increased options trading, ranking first despite its higher stock price. Strong bullish sentiment persists, reflected in call options around $540 and put options at $485 for NVDA.
While $Boeing(BA)$ ‘s significant decline spurred more active put trades around $220 and $225.
Bitcoin awaits Wednesday news, while $Marathon Digital Holdings Inc(MARA)$ and $Coinbase Global, Inc.(COIN)$ exhibit active and rising trading activity and implied volatility (IV). Despite this, there's perceived profit potential in employing a Straddle strategy with MARA or COIN.
Highlights
💹 Monday's market rebound witnessed a surge in tech stocks, especially NVDA, topping marketwide options trading despite its stock price surpassing $510.
📈 Call options' central unexercised prices for NVDA have risen to around $540, signifying sustained bullish sentiment in the short term.
🛡️ Put options set to expire in two weeks show support levels around $485 for NVDA, indicating robust market support at this price.
🔍 BA's significant decline prompted increased activity in put trades, notably around $220 and $225, reflecting higher open interest in those positions.
₿ Bitcoin anticipates midweek news, while trading activities and implied volatility (IV) rise for MARA and COIN.
💰 Despite this, there's an outlook for profit potential in employing a Straddle strategy with MARA or COIN, despite their active and rising trading activities and IV.
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