NVIDIA Will Keep Crashing Until This Happens

Bulls are cashing in

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As I’m writing this, NVIDIA Corp. (NVDA) stock is down more than 8% for the day, trading at about $109 and change.

The thing is, I’m not seeing a lot of put buying. In other words, this drop isn’t caused by bearish traders betting on NVIDIA tanking.

Rather, what we're seeing here is bullish traders selling their calls and cashing in on the stock's meteoric rise this year.

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