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International Business Times
International Business Times
World

Nvidia Is Closing In On A $6 Trillion Valuation. Options Traders See October As The Key Window.

Current Nvidia options listings show deltas and implied volatility across a wide range of expirations and strike prices, providing the data traders use to assess the range of moves being priced into the stock. (Credit: Getty Images)

Nvidia is moving closer to becoming the world's first $6 trillion company after its shares returned to record territory, with options pricing suggesting the milestone could come into reach before the end of October.

The chipmaker closed Friday at $233.95, up 1.3% on the day. Based on roughly 24.1 billion shares outstanding, that put Nvidia's market capitalization at about $5.65 trillion. The company's latest quarterly filing with the Securities and Exchange Commission shows 24.1 billion common shares outstanding as of Aug. 21. It is also climbing on Monday.

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