tech
April 28, 2026
Traders bet Nvidia's stock will return to record highs soon
Shares of Nvidia fell a bit on Tuesday after a WSJ report raised questions about OpenAI growth targets and the whole AI complex.
TL;DR
- Nvidia shares fell on Tuesday following a WSJ report on OpenAI's growth targets and the AI complex.
- Options traders are making bullish bets, expecting Nvidia to return to all-time highs.
- Implied volatility and traders' focus on Nvidia increased, with call volume significantly higher than put volume.
- Traders anticipate an upward move of over 10% by the end of May.
- Some trades involve spreads, like a 200/260 call spread expiring in March 2027, betting on a 21% increase.
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