14500 NVDA May12 98 puts went up in 1 block on the PHLX.?

NVDA

Shares of NVIDIA Corp (NVDA) are down 4.06 to 102.57 today.? NVDA is near the middle of the 52 week range.

  • Paper traded 14500 NVDA May12 98 puts for 2.15.?
  • The ADV is 127k contracts.? ?
  • The open interest is 349 contracts.

The volume went up in 1 block on the PHLX.? This big put block is going up untied so the opening bet is either a hedge for a stock position or a straight bearish bet into earnings.

  • IV 30 is trading for 45%.?
  • HV10 is trading for 17%.?
  • IV 30 is above the HV 10.

Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company’s operates through two segments: GPU and Tegra Processor.