BofA/Merrill analyst Vivek Arya reiterated Nvidia as a Top Pick and raised its price target to $210 from $185 given potential upside to second half 2017 and 2018 estimates. He expects growth to be driven by an acceleration in data center capex, upcoming Volta product roll out and "unrivaled" independent performance reviews, an updated gaming survey indicating a large upgrade opportunity with premium-priced cards, and further upgrade potential for Pascal. Arya has a Buy rating on Nvidia shares.
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Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
Monday's total option volume of 35.0 million contracts resulted in net open interest growth of 5.07 million calls and 4.24 million puts. Tesla (TSLA), NVIDIA (NVDA), Micron (MU) and Advanced Micro Devices (AMD) saw the greatest growth. Top five new positions opened include 48k Warner Bros. Discovery (WBD) 5/3 weekly 7 puts, 43k DoorDash (DASH) Jun-24 120 calls, 43k Bumble (BMBL) May-24 9 puts, 29k Tesla (TSLA) 3/28 weekly 170 puts and 25k Tesla (TSLA) 4/26 weekly 150 puts.