Nvidia Stock Crashed But Traders Are Already Betting Billions On A Massive Comeback

On Tuesday, Nvidia shares dipped after a WSJ report raised serious questions about OpenAI’s growth targets — rattling the entire AI complex and sending a ripple of concern through the market.

Rather than panic, options traders saw the dip as an opportunity. They immediately made bullish bets, positioning for Nvidia to recover and reclaim its all-time highs in the near term.

Prior to Tuesday, Nvidia options were cheaper to trade than the VanEck Semiconductor ETF. That changed sharply — implied volatility rose alongside price, as traders piled in with a strong bullish bias.

Markets expected a 10%+ move in Nvidia by May 29 — one week post-earnings. Call volume ran more than double puts, with $648 million of a total $818 million spent on calls alone.

Despite the bullish surge, traders stayed calculated. The biggest Nvidia positions were structured call spreads — a combination of buying and selling calls — reflecting a more disciplined, risk-managed approach to the market.

The single biggest trade — a 200/260 call spread expiring March 2027 — was a direct, calculated bet that NVDA shares would reach $260, representing a 21% gain from current price levels.



