Nvidia Options Action Skews Bullish Amid Stock Price Bounce

Nvidia's stock price has been driving recent options activity, with bulls outpacing bears in their bets on the company's performance.

Data from the Options Clearing Corporation shows that investors have been buying calls and selling puts on Nvidia's stock, a bullish strategy. The number of contracts traded for Nvidia's June expiration is up 23% compared to the same period last year.

This suggests that investors are optimistic about Nvidia's future performance, particularly in light of its recent earnings reports. However, some analysts caution that this optimism may be misplaced, as the company faces stiff competition and a potentially slow PC market.