Core Insights - Nvidia Corp (NASDAQ: NVDA) stock is under scrutiny as the annual GTC conference approaches, with shares currently trading at $118.47, down 2.6% due to broader market pressures [1] - Last year during the GTC week, Nvidia shares gained 7.4%, which may influence call traders' sentiment this year [1] Options Trading Activity - Despite a year-to-date deficit of 11%, Nvidia remains a popular choice among options traders, leading in options volume with over 36.3 million calls and 21.9 million puts exchanged in the last 10 days [2] - The total options volume for Nvidia reached 58.18 million, significantly higher than Tesla's 29.49 million [3] Popular Options and Volatility - The most popular options in the last two weeks included the weekly 3/14 120-strike call, with April and June 120-strike calls also seeing significant activity [3] - Nvidia's Schaeffer's Volatility Index (SVI) is at 66%, placing it in the 17th percentile of its annual range, indicating favorable conditions for premium traders [4]
Call Traders Pile on Nvidia Stock Amid GTC Week