Nvidia large investors turn bearish ahead of earnings; What's next for NVDA?

Although Nvidia (NASDAQ: NVDA) is expected to surpass analysts’ Q2 2024 earnings, some investors are exhibiting bearishness ahead of the call.In particular, data shared by Trend Spider in an X post on August 27 highlighted unusual options activity. It revealed a notable amount of bearish call selling, suggesting that traders are preparing for a potential downside move in Nvidia’s stock.A snapshot of unusual options activity from August 21 to August 27 highlights options contracts with $1 million or more pre ...