NEW YORK (AVAFIN) -- A record number of NVIDIA Corporation call contracts were traded during the busy trading session. There
were 3.1 call contracts traded for each put contract yielding a 0.33 put/call ratio
where 4,539 put and 13,876 call contracts exchanged hands.
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Options are useful tools for predicting the movement of the underlying stock. Put/Call ratio
statistics serve as a useful predictor of investment sentiment, indicating what experienced
investors are doing in preparation for a move of an underlying stock. Thus, unusual volume
provides reliable clues that the stock is expected to make a move.
Shares of NVIDIA Corporation edged up $0.42 (+3.30%) to $13.15. The price of the stock ranged
between a low of $12.71 and $13.19 respectively. The trading volume of 13M is above
the 90 day average volume of 10M shares. NVDA is trading above the 50
day moving average. The stock's 52 week low is $11.15 and 52 week high is $16.90. Performance indicators show that the stock has gained 4.00% within the last week.
The stock has a P/E ratio of 15.89 and a dividend yield of 0.59%.
NVIDIA Corporation is engaged in the provision of visual computing technologies and graphics processing unit, or the GPU.