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00:02NVIDIA options traders faced another volatile session on Monday as the stock fell more than
00:076.5% from Thursday's highs and rendered popular short-term call contracts worthless,
00:12according to CNBC. Spot Gamma data showed about 15% of NVIDIA options traded by midday Monday
00:19were set to expire at the end of the session. The 225 strike and 222.5 strike calls each traded
00:28more than 220,000 times and were poised to expire worthless after finishing in the money Friday.
00:35Friday also saw $114 million in premium, tied to 235 strike calls move out of the money.
00:43NVIDIA options remained heavily traded Monday with more than 3 million contracts
00:47and over $1.3 billion in premium traded. About $1 billion of that premium was tied to calls.
00:54Traders expect a 6.25% swing around earnings based on implied volatility.
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