Large Traders Cut Nearly $19 Million in Nvidia Positions Ahead of GTC

Two large traders cut nearly $19 million in Nvidia-linked positions before the company’s GTC Berlin keynote, with one closing a substantial short and another sharply reducing a long.

An account that held about $12.61 million in short positions in NVDA contracts on Tuesday had closed that position by Wednesday and held a roughly $359,000 long. A second large trader sold about $6.36 million of a long position, an 81% reduction, leaving about $1.49 million.

Across 27 large accounts, net long exposure fell by about $571,000 since Monday. Seven accounts held about $22.1 million in long positions, while nine short accounts held about $31.44 million; the largest short was about $16.04 million.

NVDA contracts traded around $220.75, up 1.71% over 24 hours, with about $95.36 million in open interest. One trader also had an unfilled limit order to sell about $2.45 million of a long position at prices from $243.82 to $246.64.

Nvidia’s GTC Berlin keynote was scheduled for Wednesday from 5 to 7 a.m. ET (09:00-11:00 UTC).