Nvidia trader bets $100 million that the Jensen Huang scandal is a buying opportunity

A massive options trade swapped an existing call spread for a more bullish five-month position as shares fell on news of a board investigation into the CEO Nvidia had a rough Monday. One options trader decided it was a sale. About an hour after the opening bell, someone moved more than $100 million in options premium on Nvidia stock. The trader swapped an existing call spread for a more bullish position covering the next five months of trading, according to CNBC. It was the single biggest options trade on the chip giant that day. The timing is what makes it interesting. The trade landed as Nvidia was absorbing news of an internal investigation into CEO Jensen Huang, and the stock was heading sharply lower.

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