Traders bet Nvidia's stock will return to record highs soon

Cnbc · Apr 28, 2026 · 227 words · By Oliver Renick

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What to know about Traders bet Nvidia's stock will return to record highs soon

Shares of Nvidia fell a bit on Tuesday after a WSJ report raised questions about OpenAI growth targets and the whole AI complex.

Claims checked 6

Techniques found 0

Topics 0

Coverage spectrum

Coverage gap: Low Left coverage

Left0%

Center75%

Right25%

4 sources compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

Shares of Nvidia fell a bit on Tuesday after a WSJ report raised questions about OpenAI growth targets and the whole AI complex.

Why it matters

Options traders used the sell-off as an opportunity to make bullish bets that the chipmaker will return to all-time highs.

Common ground

Up until Tuesday, Nvidia options had been cheaper to trade than in the VanEck Semiconductor ETF (SMH), a result of its tight trading range for much of the past year.

Perspective signals

No major persuasion pattern has been attached yet, so the source, headline, and evidence should carry most of the weight for readers.

Follow-up questions

What concrete event or decision sits underneath the headline: Traders bet Nvidia's stock will return to record highs soon?
What evidence would most clearly confirm or weaken the claim that Traders now expect upwards of an 10% move in Nvidia by the end of next month, according to the price of the at-the-money straddle expiring May 29?
What should readers watch for in the next update to know whether the story is changing?

open_in_new Read the original article: https://www.cnbc.com/2026/04/28/traders-bet-nvidias-stock-will-return-to-record-…

fact_checkClaims Checked

eFinder analyzed this article and checked 6 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

info Single Source 4

verified Verified By Reference 1

check_circle Corroborated 1

verified

Claim 1: “Traders now expect upwards of an 10% move in Nvidia by the end of next month, according to the price of the at-the-money straddle expiring May 29”

VERIFIED BY REFERENCE

The evidence provides general definitions of what an at-the-money straddle is and how to calculate it, but contains no specific data regarding Nvidia's May 29 straddle price or the 10% move expectation.

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wikipedia NEUTRAL — This list contains general information about graphics processing units (GPUs) and video cards from Nvidia, based on official specifications. In addition some Nvidia motherboards come with integrated o…
https://en.wikipedia.org/wiki/List_of_Nvidia_graphics_proces…

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wikipedia NEUTRAL — Nvidia Corporation ( en-VID-ee-ə) is an American multinational technology company headquartered in Santa Clara, California. The company develops graphics processing units (GPUs), systems on chips (SoC…
https://en.wikipedia.org/wiki/Nvidia

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wikipedia NEUTRAL — Nvidia Tesla is the former name for a line of products developed by Nvidia targeted at stream processing or general-purpose graphics processing units (GPGPU), named after pioneering electrical enginee…
https://en.wikipedia.org/wiki/Nvidia_Tesla

+ 3 more evidence sources

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Claim 2: “Shares of Nvidia fell a bit on Tuesday after a WSJ report raised questions about OpenAI growth targets and the whole AI complex.”

CORROBORATED

Multiple web search results confirm that Nvidia shares fell following a report (attributed to the Wall Street Journal) that a proposed investment in OpenAI had stalled.

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wikipedia NEUTRAL — The following tables list the largest mergers and acquisitions by decade of transaction. Transaction values are given in the US dollar value for the year of the merger, adjusted for inflation. As of F…
https://en.wikipedia.org/wiki/List_of_largest_mergers_and_ac…

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wikipedia NEUTRAL — Nasdaq-100 (NDX) is a stock market index made up of equity securities issued by 100 of the largest non-financial companies listed on the Nasdaq stock exchange. It is a modified capitalization-weighted…
https://en.wikipedia.org/wiki/Nasdaq-100

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wikipedia NEUTRAL — Plus (also known as Plus Automation) is an American autonomous driving technology company based in Santa Clara, California. The company develops Level 4 autonomous driving technology for commercial f…
https://en.wikipedia.org/wiki/Plus_(autonomous_trucking)

+ 3 more evidence sources

info

Claim 3: “Call volume was more than double that of puts on Tuesday”

SINGLE SOURCE

The evidence provided consists of general guides on options trading volume and calculators, but does not provide the specific call/put volume data for Nvidia on the Tuesday in question.

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web search NEUTRAL — Options Trading Volume and Open Interest.
https://www.investopedia.com/trading/options-trading-volume-…

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web search NEUTRAL — Bitcoin and Ethereum options data charts, including options contract prices, trading volume, open interest, maximum pain price, historical volatility, implied volatility, and other indicators. Explore…
https://www.coinglass.com/options

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web search NEUTRAL — Options Profit Calculator provides a unique way to view the returns and profit/loss of stock options strategies.
https://www.optionsprofitcalculator.com/

info

Claim 4: “premiums heavily skewed towards calls, with $648 million of a total $818 million spent on calls, according to data from SpotGamma.”

SINGLE SOURCE

The evidence provided for this claim consists only of dictionary definitions for the word 'according' and does not contain any data from SpotGamma or premium figures for Nvidia calls.

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web search NEUTRAL — Definition of 'according' according in American English (əˈkɔrdɪŋ ) adjective agreeing; in harmony
https://www.collinsdictionary.com/us/dictionary/english/acco…

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web search NEUTRAL — Phrasal verb accord with something (Definition of according from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
https://dictionary.cambridge.org/dictionary/english/accordin…

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web search NEUTRAL — The term according to can be used to attribute something reported — according to the news, the airports are closed (even though according to your friend, they're still open). It also refers to agreeme…
https://www.dictionary.com/browse/according

info

Claim 5: “Specifically, there was a buyer of a 200/260 call spread that expires next March.”

SINGLE SOURCE

One web search result from 'Factlyn' specifically mentions a 200/260 call spread expiring March 2027 as the single biggest trade. However, this is the only source reporting this specific trade detail.

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wikipedia NEUTRAL — The Nvidia DGX (Deep GPU Xceleration) is a series of servers and workstations designed by Nvidia, primarily geared towards enhancing deep learning applications through the use of general-purpose compu…
https://en.wikipedia.org/wiki/Nvidia_DGX

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+ 3 more evidence sources

info

Claim 6: “Up until Tuesday, Nvidia options had been cheaper to trade than in the VanEck Semiconductor ETF (SMH)”

SINGLE SOURCE

The provided evidence for this claim consists only of dictionary definitions for the word 'prior' and does not contain any financial data regarding Nvidia options or the VanEck Semiconductor ETF (SMH).

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web search NEUTRAL — PRIOR definition: 1. existing or happening before something else, or before a particular time: 2. before a…. Learn more.
https://dictionary.cambridge.org/dictionary/english/prior

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web search NEUTRAL — 3 days ago · prior (comparative more prior, superlative most prior) Chiefly followed by to: in advance, before, previously. synonyms quotations Synonyms: ago, hitherto The doctor had known three month…
https://en.m.wiktionary.org/wiki/prior

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web search NEUTRAL — The meaning of PRIOR is earlier in time or order. How to use prior in a sentence. Synonym Discussion of Prior.
https://www.merriam-webster.com/dictionary/prior

info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.