NVDA Oct 2024 79.000 put
| Previous close | 0.3400 |
| Open | 0.5000 |
| Bid | 0.0000 |
| Ask | 0.0000 |
| Strike | 79.00 |
| Expiry date | 2024-10-18 |
| Day's range | 0.3300 - 0.6500 |
| Contract range | N/A |
| Volume | |
| Open interest | 3.13k |
- Yahoo Finance Video
Producer prices, Nvidia CEO, Boeing labor talks: 3 Things
After August's Consumer Price Index (CPI) largely came in line with economist expectations, producer prices came in a touch hotter than expected. The Producer Price Index (PPI) saw prices increase 0.2% month-over-month and 1.7% year-over-year. Initial jobless claims also came out above estimates for the prior week: 230,000 versus the 227,000 expected. Nvidia (NVDA) CEO Jensen Huang's comments on the company's chip demand seemingly gave the tech sector (XLK) a burst of energy in Wednesday's session. Boeing's (BA) contract with factory workers is set to expire today. The aircraft manufacturer reached a tentative agreement with union leadership earlier this week with the 33,000 union members to vote on the deal on Thursday. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
How to use a butterfly spread when trading options
One of the things investors like about options trading is the flexibility it gives them. With options, traders can employ different strategies and tactics. One such strategy is the butterfly spread. BayCrest Managing Director, Equity Derivatives David Boole says the butterfly strategy is "used more when there's a lot more volatility in the market." He adds that traders like them because "for a small amount of premium, you get exposure to a wide range." Watch the video above to hear Boole explain butterfly trades that were made based on the iShares 20+ Year Treasury Bond ETF (TLT) and Nvidia (NVDA). For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Stephanie Mikulich.
- Yahoo Finance Video
AWS has its own chips: Here's how its CEO sees their future
Amazon (AMZN) Web Services (AWS) has entered the semiconductor market, developing its own chips to train AI models in competition with industry leaders like Nvidia (NVDA). At the 2024 Goldman Sachs Communacopia and Technology Conference, Yahoo Finance reporter Madison Mills interviewed AWS CEO Matt Garman to break down AWS's chip strategy. Garman acknowledges Nvidia's strong market position, calling it "a great platform" with a large customer base. However, he emphasizes that the chip market is vast, with "potential for multiple options," stressing the importance of customer choice. AWS's semiconductors, Inferentia and Trainium, are "specifically built for AI inference,"Garman explains. These chips offer particular value for small-scale inference tasks and helping customers reduce costs. He also notes that AWS is working on improving these chips to train large language models. "We think that there's this really large market segment and there's room enough for customers to be using the best product for the use case for a long time," Garman told Yahoo Finance. Although he expressed support for other chipmakers, stating that AWS does not expect to become "fully reliant" on its own chips. Catch Yahoo Finance's full interview with Matt Garman here. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith Editor's note: This post has been updated to fix an incorrect name.
