Options Market Statistics: Nvidia's Stock Extends Gains as CEO Cites Magnitude of Chip Demand

$NVIDIA (NVDA.US)$ shares rose 1.92% Thursday to close at $119.14, with option volume of 5.72 million, and calls accounted for 62.6% of the volume. The $110 calls expiring September 13 lead the flow with the highest volume.

Semiconductor stocks, led by Nvidia and $Broadcom (AVGO.US)$, rebounded this week due to strong AI chip sales, and improvements in the smartphone, PC, industrial, and automotive markets. Bernstein analyst Stacy Rasgon highlighted Nvidia and Broadcom as top picks in the sector, both rated as outperform. Broadcom's stock rose 4% to 164.56, and Nvidia's stock gained 1.9% to 119.14. Nvidia CEO Jensen Huang emphasized the high demand for AI chips, particularly the Blackwell chip, which will begin shipping in Q4.

$Tesla (TSLA.US)$ shares rose 0.74% Thursday to close at $229.81, with option volume of 1.77 million, and calls accounted for 60.3% of the volume. The $225 calls expiring September 13 lead the flow with the highest volume.

$Meta Platforms (META.US)$ shares climbed 2.69% Thursday to close at $525.60, with option volume of 0.37 million, and calls accounted for 63.5% of the volume. The $505 puts expiring September 13 lead the flow with the highest volume.

There was a noteworthy activity in $Walmart (WMT.US)$, where $81 calls have topped volume to open interest ranking. The highest volume over open interest ratio reaches 222.2x with 23,329 contracts.

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