Financial Times: Specifically, MRA’s Joseph Niles says the mystery trader bought 180,000 puts with a strike price of $150 and sold 280,000 puts with a strike price of $100, which meant the trade cost about $8mn to enter.
But the collapse in Nvidia’s share price since October means that the trade has now made approximately $196mn — roughly 24 times the initial premium paid, according to MRA’s calculations…