Popular chipmaker Nvidia (NVDA) saw its share price drop nearly 8% in a day last week. News came out that the company wouldn’t be able to export some chips to China. A trader used the opportunity to buy over $4 million worth of April 2023 puts. Although this was a very large put purchase, it’s challenging to say whether this is a bearish bet or a hedge.
This guide will get you placing winning trades without you needing to spend hundreds of hours studying.
In fact, you can place your first trade today after reading my "Beginner's Guide" to trading options.