
NVIDIA Corporation (ticker: $NVDA) is experiencing notable trading activity as its stock price reached $141 on December 24, 2024. The open interest for large call options has surged to nearly 13,000, following a significant block of 4,000 contracts purchased the previous day. Analysts suggest that the stock may have bottomed out in the past week, with other semiconductor stocks also showing strength. Some traders are taking profits on their positions, while others are adjusting their strategies by buying back previously sold puts and holding onto March call options. Overall, the sentiment around $NVDA appears cautiously optimistic as traders monitor potential price movements.