Nvidia’s (NVDA) options volume was through the roof on Thursday, more than 3x its average daily volume of 873,592. The cause: Nvidia’s revenue guidance for the second quarter of $11 billion was 54% higher than the analyst estimate. Its stock was off to the races.
Today, as I write this midday, its volume is 34.1 million, 12 million less than its 30-day average, while its options volume is 902,167, slightly higher than its 30-day average. With the Memorial Day weekend on tap, volumes should slow considerably for the remainder of the trading session.
