Category: Markets

Big-ticket orders are buying into Nvidia: large and super-large trades show a net inflow of $225.7M so far today. Smaller orders point the same way, so the pressure is broad.

Options positioning in Western Digital is stacking up around the $415 strike into Oct 2, right on top of where the stock trades at $415.29. Net gamma reads negative, a setup where hedging can speed moves up instead of slowing them down.

Wells Fargo raised its price target on ON Semiconductor to $100.00 from $85.00 and kept its Buy rating. The new target sits 17.8% above where the stock trades. A higher target from a firm that already liked the stock says its numbers are still moving up.