Is NVDA Headed Even Lower?

Dividend Investing

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. 

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