Today, a large volume of in-the-money (ITM) Nvidia Inc. (NVDA) put options traded for expiry in 12 days. Are investors bearish or bullish on NVDA ahead of earnings next month?
NVDA is down about 2% in midday trading at $207.18. That's up from a recent low of $192.53 on June 26, but down from a May 14 peak of $235.74. However, last quarter, the stock hit a low of $165.17 on March 30, about 20% lower than today's price. Could it hit this low again?