Nebius NBIS is consolidating near $232 after Monday's 4% gain

Summary

The speakers discuss NBIS consolidating near $232 before reaching $246 in premarket trading and retreating to around $236, still up nearly $4 on the day. They emphasize its high volatility and AI infrastructure exposure, while waiting for unusual options activity before considering a trade.

• NBIS retreated from a premarket high near $246 to around $236.
• The stock remained up nearly $4 on the day despite the pullback.
• The speakers interpreted the rapid retreat as evidence of profit-taking.
• They cited a 52-week trading range of roughly $73 to $300.
• Options implied volatility was quoted between 80 and 100.
• NBIS was described as a data center and AI infrastructure technology play.
• The speakers are monitoring NBIS for unusual options activity rather than acting immediately.
• Shopify was briefly cited as offering opportunities through volatility and sizable options buying.

1. 0:00

   NBIS.

2. 0:02

   So, this one's consolidating and it was consolidating around 232 bucks a share. Now, um I thought that it was pretty interesting that the stock zoomed all the way up to 246 in the pre-market, held it for a little

3. 0:19

   bit, like a hot second, and then bled all the way back down. But, it's still up about almost $4 on the day, trading 236.

4. 0:31

   But, to bleed off from 246 to 236 tells you a lot of people are willing to take profits on this name. It's a big data center and intelligence um technology play. But, uh I was kind of surprised to see how fast it sold off, Pete.

5. 0:47

   >> Yeah, I mean, this thing had a pretty nice pop, John. I mean, it's a This is Let's be honest. This is a high-volatility stock. It's got an incredible 52-week range from 73 to 300.

6. 0:58

   So, yeah, this thing can get all over the place. And And then have a day like today where it jumps up, then it kind of eases back. The implied volatility of the options that are in here are anywhere between 80 and 100 as well. So, this is not for the the folks that are are are nervous about things and how how they move and how fast they can move

7. 1:18

   because this is one of those that can move very, very rapidly because of that high volatility and the implied volatility of the options. There's no doubt about that. Uh it It's interesting, John, this infrastructure of AI. We talk about it all the time. The momentum that's still there. And this is a stock I'm looking at it right now. It's It was up all the

8. 1:37

   way up to 246 and now it's trading at 236. So, it's pulled back like you were just mentioning as well, but I'll tell you um I think it's I think this is one of those names that you always want to have on your list. And this is one where we If we do see unusual option activity coming into it, we usually do react. So,

9. 1:56

   we're just waiting at this point in time and when we see it, we'll pounce, but Shopify gave us plenty of chances with some of that volatility the the options that they were buying, John. Especially that size one that you pointed out for today.

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