Options Market Statistics: Nvidia's AI Chip Demand Strong, Sales Growth Slows; Options Pop
$NVIDIA Corp(NVDA)$
One is that the company isn't topping expectations with its guidance by the same magnitude as before. Nvidia's $37.5 billion revenue forecast for the January quarter topped the consensus view of $37.1 billion. But "whisper" numbers on the buy side were perhaps more in the $39 billion to $40 billion range. And prior to the last two reports from Nvidia, the company's revenue guidance exceeded estimates by well upwards of $1 billion for five quarters in a row.
The most traded calls are contracts of $150 strike price that expire on Nov. 22. The total volume reaches 128,112 with an open interest of 189,564, while the most traded puts are contracts of $140 strike price that expire on Nov. 22.
$Target(TGT)$
The retail giant reported a triple miss for the fiscal third quarter and provided a downbeat outlook, citing "unique" challenges and costs. Target also reported margins that fell due to higher digital fulfillment and supply-chain costs resulting from the costs of managing higher inventory levels and increased digital sales volumes.
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- dimzy5·10:59Nvidia's strong demand is exciting, but lowered guidance can shake investor confidence.LikeReport