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Can Nvidia Save the Market One More Time Today?

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NVIDIA Corporation,CBOE Volatility Index,Invesco S&P 500® Equal Weight ETF

Stocks Analysis by Michael Kramer covering: S&P 500, NVIDIA Corporation, CBOE Volatility Index, Invesco S&P 500® Equal Weight ETF. Read Michael Kramer's latest article on Investing.com

) for yesterday’s uptick in the stock market. The stock accounted for nearly 70% of the day’s gains in the Bloomberg 500, a proxy for the

It was also unusual that the stock surged nearly 5% today on fairly average volumes and below-normal call volume. The accumulation of gamma suggests that $150 may act as a significant level of resistance, mainly as implied volatility decreases following the results, prompting call holders to sell their shares if prices fail to surpass $150.

 

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