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Market Action App Alert, BULLISH unusual option activity for NVIDIA Corporation Ticker: NVDA

Thursday, 11.18.2021

46 contracts traded for NVDA $320 strike calls for expiration 11/19/21 with open interest of (14,082) when the shares were trading at 322.2.

NVDA $320 strike calls for 11/19/21 expiration

Option Flow Order Summary

  • Size: 46
  • Sentiment: BULLISH
  • Estimated Cost Per Contract: 30,125.40
  • Estimated Premium Value: $30K
  • Volume: 42,281
  • Open Interest: 14,082
  • Contract Close Price: 292.61
  • Stock Price at Trade: 322.2
  • Market Action Score: 73.33% Bullish

Why is this an Unusual Option Activity?

  • The Trade Volume is above Open Interest of (14,082).
  • The order flow was detected as a sweep.
  • The Stock has earnings coming up. – 2021-11-17

Stock Technical Information

  • Stock Levels: Last Close: 292.61 , Points Change: +29.82, % Change: ⬆️ 10.19%
  • Today’s Volume: 43.42M (10 Days average: 45.05M)
  • Price Levels to consider for tomorrow:

    • Resistance 2: 307.39
    • Resistance 1: 302.47
    • Pivot Point: 295.23
    • Support 1: 285.38
    • Support 2: 281.76
  • Stock is below 10 SMA: 300.74
  • Stock is above 20 SMA: 273.91
  • Stock is above 50 SMA: 238.37
  • Stock is above 100 SMA: 221.27
  • 52 Week High: 328

Stock chart for NVDA (1 day)


Helpful Info

How is options trade sentiment calculated?

Bullish: Options trades are considered having a “bullish sentiment” when a “call option” is purchased at/near ask price or a “put option” is sold at/near bid price. The buyer or seller of the options is expecting the option, or any financial instrument, will increase in price.

Bearish: Options are “bearish sentiment” when a call option is sold at/near bid price or a put option is bought at/near ask price. The buyer or seller of the options is expecting the option, or any financial instrument, will decrease in price.

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