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Options Market Statistics: Nvidia's Shares Rise and Options Pop After Its 10-For-1 Stock Split

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Options Newsman joined discussion · Jun 11, 2024 08:43
News Highlights
$NVIDIA (NVDA.US)$ shares ended 0.75% higher. Its options trading volume was 5.18 million. Call contracts account for 61.7% of the total trading volume.
On Monday, NVIDIA shares experienced a price target adjustment by Barclays, following the company's 10-1 stock split which took effect after the market closed on Friday. The new price target has been set at $145, a significant change from the previous $1,200. This adjustment also maintains the firm's Overweight rating on the stock.
The stock split necessitated a revision of the share count and the resulting earnings per share (EPS), leading to the updated price target. Barclays has also revised upward its revenue expectations for NVIDIA for calendar year 2025/fiscal year 2026 to $157.1 billion.
This increase reflects an anticipated $25 billion in incremental AI product revenue from what is termed the Sovereign AI opportunity, which is expected to accelerate significantly in the next year.
$Apple (AAPL.US)$ shares ended 1.91% lower. Its options trading volume was 2.39 million. Call contracts account for 72.3% of the total trading volume. The $200 calls expiring June 21 were traded most actively.
Apple shares have been slipping during the first 40 minutes of the Apple WWDC keynote, amid a lack of news about the one thing everyone wants to hear about: artificial intelligence.
Options Market Statistics: Nvidia's Shares Rise and Options Pop After Its 10-For-1 Stock Split
$Alphabet-A (GOOGL.US)$ shares ended 0.43% higher. Its options trading volume was 2.39 million. Call contracts account for 62.6% of the total trading volume. The $175 calls expiring June 14 were traded most actively.
Options Market Statistics: Nvidia's Shares Rise and Options Pop After Its 10-For-1 Stock Split
Options Market Statistics: Nvidia's Shares Rise and Options Pop After Its 10-For-1 Stock Split
Unusual Stock Options Activity
There was a noteworthy activity in $NVIDIA (NVDA.US)$, where multiple puts have topped volume to open interest ranking. The highest volume over open interest ratio reaches 100.7x with nearly 52,282 contracts.
Options Market Statistics: Nvidia's Shares Rise and Options Pop After Its 10-For-1 Stock Split
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Options Market Statistics: Nvidia's Shares Rise and Options Pop After Its 10-For-1 Stock Split
Source: Barchart, Unusual Whales, The Guardian, Bloomberg
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