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Today, a large volume of Nivida Inc (NVDA) put options have been trading in several near-the-money strike prices tranches. This shows investors are positioning ahead of the earnings release in two weeks. Some of these trades show bullish sentiment in NVDA stock with their high short-put yields.
NVDA is up over 5% today at $129.85 per share, well up from its low on April 4 at $94.31, but still down from a Jan. 6 peak of $149.43.