NVDA, CRWV and NBIS Draw Big Bullish Options Bets Amid AI Selloff | Smart Money Option

Amid AI-related semiconductor and data center stocks weakening, large bullish options trades totaling approximately $52 million were observed in NVDA, CoreWeave (CRWV), and NEBIUS (NBIS). In NVDA, a bull call spread of approximately $33.6 million was entered, composing a buy of 70,000 calls with a strike of $230 expiring November 20 and a sell of the same number of $260 calls. The breakeven at expiration is $234.80 (+8.6% from the stock price at the time of the trade). CRWV saw approximately $16.14 million in call buying (expiring April 16, 2027, strike $90 × 20,000 contracts, average premium about $8.07, breakeven $98.07, approximately +49%), with volume far exceeding the existing open interest of about 1,500 contracts. NBIS saw a bull call spread of approximately $2.27 million (expiring December 17, 2027, buying 1,250 contracts at strike $200 and selling $270, breakeven $218.14, approximately +23.5%). Market participants are taking positions anticipating a short-term rebound in NVDA, a mid-term recovery in CRWV (several months), and a long-term recovery for NBIS through 2027. While funding concerns remain, such as the sharp rise in CoreWeave's corporate bond yields, TSMC's latest quarterly sales rose approximately 41% year-over-year, and AI infrastructure demand remains solid. Sustained recovery is said to require easing of funding pressure and fundamental earnings support.