Nvidia, Intel Call Buyers Defy the Dip in Chip Stocks
Semiconductor stocks slipped, with the VanEck SMH ETF down about 1%, but options traders are betting on a rebound. A $2.2 million purchase of 2,168 at‑the‑money Nvidia $210‑strike calls, expiring May 15, reflects confidence as the stock hit a record $212.65. Nvidia call premiums now represent over 80% of options value and outpace puts more than two‑to‑one. Intel shows similar bullishness, highlighted by a lopsided call spread that could profit if the chipmaker stays above $108 by June 18.
'CAR' Crash: Avis Budget Stock Plunge Reminding some on Wall Street of GameStop
Avis Budget Group (CAR) shares rocketed from under $100 to a record $850 before tumbling 38% to about $417, echoing the 2021 GameStop frenzy. Options activity surged with over 200,000 contracts, pushing implied volatility to 235%, far above the S&P 500’s...