Nvidia Perpetual Futures Slide to $180.15 on $200 Million Volume as Huang Scandal Spurs Bearish Bets
Updated
Updated · CNBC · Nov 9
Nvidia Perpetual Futures Slide to $180.15 on $200 Million Volume as Huang Scandal Spurs Bearish Bets
3 articles · Updated · CNBC · Nov 9
Summary
$200 million of Nvidia perpetual futures traded on Hyperliquid by 3:30 p.m. ET Sunday, sending the contract down to $180.15 before regular premarket stock trading had begun.
The selling followed reports of a potential scandal involving CEO Jensen Huang, with both Nvidia shares and perps later falling below $178 overnight and the stock trading 7% lower Monday.
Perpetual futures drew attention because they trade 24/7 and never expire, giving investors a way to express views and discover prices when traditional equity markets are closed.
Other round-the-clock products also saw heavy use: a Kalshi contract on when Huang might leave as CEO traded more than $105,000 Sunday, while new premarket Nvidia options logged $15 million in premium across about 40,000 contracts.
The burst of activity underscored how perps, prediction markets and extended-hours options are increasingly filling information gaps during off-hours news shocks.