Bull Notes Help ADI and NVDA Stocks Overcome Trade Headwinds

M&A buzz could also be helping Nvidia

Dec 13, 2019 at 10:36 AM
facebook X logo linkedin


Analog Devices, Inc. (NASDAQ:ADI) and Nvidia Corporation (NASDAQ:NVDA) are both in focus this morning due to confusion about whether there's actually be legitimate progress in U.S.-China trade relations. As such, the shares are struggling to capitalize on price-target hikes out of SunTrust Robinson, which sees chip stocks ADI and NVDA going much higher.

For ADI, the brokerage firm lifted its price target to $141 from $133, a level that represents all-time-high territory. The equity yesterday grabbed its highest close since July after recently jumping from the 200-day moving average, and was last seen up 0.3% at $118.20.

Short-term options traders are heavily put-skewed right now on Analog Devices. For instance, the Schaeffer's put/call open interest ratio (SOIR) comes in at 1.38, in the 100th annual percentile, showing such a preference for short-term puts is rare.

As for NVDA, the shares have managed to overcome an early dip to hit a fresh annual high of $226.98, up 0.8% on the day. SunTrust set a $273 price target on the GPU specialist, a $33 increase from its previous target and territory not touched since October 2018. Part of today's upside for Nvidia could be due to news the company is offering no concessions to European Union (EU) regulators for its Mellanox Technologies purchase.

Nvidia options traders have remained focused on calls, including this morning's trading, with the contracts already crossing at three times the expected pace. The weekly 12/13 225- and 227.50-strike call are most popular, where last-minute traders are opening positions ahead of expiration at today's close.

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI