NVDA surged over 10% on Monday after it was announced that AMD was going to be buying ATI for $5.4 billion dollars. This led to speculation that NVDA may be a possible buyout target as well sometime in the future, though NVDA management came out and stated that they have no current intentions of merging with another company. Volume was heavy on Monday, with over 15 million shares of the company changing hands, compared to a normal daily average of 9.8 million shares. Options activity in NVDA was heavy, particularly the August 20 call and put options.
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