Analysts at Macro Risk Advisors (MRA) uncovered unusual trading activity: On October 12, a trader established a series of deep out-of-the-money put options on Nvidia stock set to expire in January of the following year. Joseph Niles of MRA noted that the mysterious trader purchased 180,000 put options with a strike price of $150 while simultaneously selling 280,000 put options with a strike price of $100, at an initial cost of approximately $8 million.
