NVDA – After Big Gains, Traders Eye $140 and Beyond
Source: OQLIV.com
nvidia (NVDA) just wrapped a strong rally and is trading near $135.34 — and options traders aren’t tapping the brakes yet. The biggest action is now centered on the $135 and $140 call strikes, with over 470,000 contracts combined for the May 17 expiration. That’s not hedging — it’s positioning for more upside.
Put volume is light and spread out below $133, which means there’s not much appetite for downside protection right now.
What it means:
NVDA traders are aiming higher. After a major run-up, momentum names like this tend to either cool off or push further — and based on this flow, bulls are still in control. A clean move above $137 could trigger a sprint toward $140 or more, especially if tech strength holds.
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