Massive selling of Call options for NVIDIA stock, price falls from all-time high.

Large sell-off of Call options for NVIDIA stock leads to decline from its all-time high priceJanuary 8, 2025 6:20 AM JST
Before the announcement at CES by CEO Juan, the trend was to buy Calls.
The volume of Call options is 1.5 times the daily average, with active selling in the February options.
As NVIDIA, a leading semiconductor company for Artificial Intelligence (AI), reached its highest price since November last year and then faltered, investors sold a large number of Call options on the company's shares on the 7th.
Early in the trading session, Calls expiring on January 17 (with a strike price of $140) were traded along with Calls expiring on February 21 (with strike prices ranging from $159 to $165), totaling between 0.6 to 0.7 million contracts. According to Chris Murphy, Co-Head of Derivatives Strategy at Susquehanna International Group, the Calls were mostly sold.
These sales seemed to reverse the trend of significant Call buying in the days leading up to the presentation by Jensen Huang, CEO of NVIDIA, at the CES technology trade show. The stock price was $141.35, down 5.4% from the previous day's close as of 12:30 PM ET on the 7th.