Eseandre Mordi
⬤ Nvidia shares took a hit on Tuesday, sliding over 3.5% as traders piled into bearish positions. The stock drifted down toward $177 while options data showed heavy put buying from the opening bell. Both the stock price and derivatives activity told the same story—sellers were in control.
⬤ The numbers paint a clear picture. Put premium sank below negative $45 million early in the session, while call activity stayed quiet. That massive gap between puts and calls meant bulls were sitting this one out. Every attempt at stabilization fizzled, and NVDA kept drifting lower through the morning.
The platform's data highlighted a notable buildup of negative net premium shortly after the session opened.
⬤ This matters because Nvidia drives sentiment across the entire semiconductor and AI space. When NVDA wobbles, it tends to drag other high-growth tech names with it. If this negative options flow continues, expect broader pressure on technology stocks in the coming sessions.
Eseandre Mordi
