More than 300K NVIDIA options traded as shares shed 12.4%
More than 300K NVIDIA options traded as shares shed 12.4%. The company blamed disappointing gaming and data center sales for reduced Q4 results and the stock dropped almost $20 to $140.20 on surging volume of 35M shares. Option flow is split at 149K calls and 153K puts and the nine most actives are Feb 1st contracts that expire this week: led by 130 puts, 140 calls and 120 puts. 48.3% of the flow in the Feb 1st term and 10.2% in the Feb 8th options, which probably capture the company's actual profit report (expected 2/7). The stock was a big mover last quarter as well, dropping 18.8% to $164.42 on 11/16/18 in reaction to the results. 30-day implied volatility up 1.5% to 57.5 as shares falter Monday, but still well below late-October highs of 87%.