Nvidia's Share Slump Lures Bargain Hunters Taking Bullish Options Position in Chipmaker

There's no shortage of Nvidia ( $NVDA.US$) bulls even after the chipmaker's shares tumbled below $100 for the first time since May.

More than 87,000 call options giving the holder the right to buy Nvidia at $100 by the end of this week changed hands by noon time in New York Monday. That jump in trading took volume to almost 14-times the open interest, signaling investors and speculators could be placing new bullish positions.