Bull Call Spreads on High-Beta Names
Bull Call Spread204 trades pass on NVDA
- Return on risk
- 100.0% to 387.2%
- Probability of profit
- 25.3% to 51.7%
Nvidia Corp · Technology
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NVDA last closed at $162.85 with 30-day implied volatility of 59.5%. That is near the top of its one-year range (IV rank 88), so option premiums on NVDA are expensive compared with its own recent history. Measured by IV percentile, IV is higher than 99% of the past year's readings. Options expiring Dec 11 (28 days out) price a one standard deviation move of about $27.24, or 16.7%.
The price is below both its 50-day (-24.1%) and 200-day (-20.2%) moving averages. It is trading within 0.0% of its 52-week low. The 14-day RSI of 24.9 is under 30, a level often described as oversold. The 14-day average true range is $9.98, about 6.1% of the price, a measure of a typical day's range.
Option volume at the close (3.25M contracts) was 1.3x its average, close to normal. A beta of 1.78 means NVDA has tended to move about 1.8 times as much as the broad market. 5 of our preset screens found trades on NVDA at the close, led by Bull Call Spreads on High-Beta Names with 204 trades.
Expected move = price x at-the-money IV x the square root of (days to expiration / 365), a one standard deviation range. The straddle is the at-the-money call plus put, the market's own price for a move. Compare expected moves across stocks.
| Expiration | IV | Expected move | 1 SD range | Straddle |
|---|---|---|---|---|
| Nov 16, 20263 days | 50.7% | ±$7.48 (4.6%) | $155.37 to $170.33 | n/a |
| Dec 11, 202628 days | 60.4% | ±$27.24 (16.7%) | $135.61 to $190.09 | $21.85 |
| Jan 15, 202763 days | 52.5% | ±$35.53 (21.8%) | $127.32 to $198.38 | $28.38 |
| Feb 19, 202798 days | 49.6% | ±$41.89 (25.7%) | $120.96 to $204.74 | $33.35 |
Each expiration has its own implied volatility, and short-dated IV reacts more to near-term events, so the nearest expiration can differ a lot from the 30-day figure.
Counts and ranges for NVDA from our preset scans at the last close. Open a preset in the app to see each trade with its strikes, prices, and risk, refreshed intraday. Income strategies show annualized return; the rest show return on risk.
204 trades pass on NVDA
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Market data as of the prior close, for information and education only. Not investment advice. Options involve substantial risk and are not suitable for every investor. See our Terms of Service.