A trader known as "Ray" has taken a bullish stance on Nvidia by acquiring approximately 147,000 shares of NVDA on Hyperliquid, valued at $28.3 million. This move comes ahead of Nvidia's earnings report, expected this Thursday. Ray has been purchasing Nvidia stock in $4 million batches using a TWAP strategy, signaling confidence in the upcoming earnings.
Despite Nvidia's history of better-than-expected earnings in three of the last four quarters, its stock price has typically declined the day after the report. Current option pricing suggests a potential 6% fluctuation in Nvidia's stock price this week.
Trader Bets $28.3M on Nvidia Ahead of Earnings Report
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
