The biggest options trade on Nvidia stock Monday seems to think the controversy swirling around the chip leader and its embattled CEO is creating a buying opportunity. In a trade about an hour after the opening bell that involved more than $100 million in options premium, someone exchanged an existing call spread for a more bullish position that captures the next five months of trading in Nvidia. The core position was the purchase of 52,000 195-strike calls expiring Feb. 19 worth about $57 million – contracts the trader opened for a new long position while simultaneously selling the same number of 245-strike calls for the same expiry, lowering the cost of the trade by $10 million.
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