Strasmore Research
Deep Dives · Matt ConnorBy Matt Connor · · Updated 2026-07-25

NVDA: 先脫節後領漲的一週

週二晶片股遭拋售時獨自收紅，週四同業全漲時獨跌，週五卻創本週高點並登成交值王。五個交易日，每筆數字皆可查。

輝達（NVDA）在 2026 年 7 月 6 日這一週，先是與自身板塊走勢脫節，隨後又領先板塊。週二晶片股遭拋售時，它是下方追蹤的五檔主要個股中唯一收紅的；週四其他四檔同業全數收高，它卻是唯一收黑。週五它交出本週最佳單日表現，並成為當日成交值最高的個股。5 個交易日的淨結果：+8.5%，來到 $211.1 高點，正規交易時段成交 $107.1B 美元，是本週第 3 大成交值個股。每一項數字都來自已儲存的查詢；展開任一區塊即可查看 SQL。

一週行情，一行濃縮

一行數據承載整週走勢：上週四收盤價（7月3日為獨立紀念日休市）、開盤價、收盤價、兩個極端價位及其時間戳記，以及成交量。

查詢NVDA，2026年7月6日當週 — 開盤至收盤，含極端價、成交明細與成交量
每個數據背後的精確 SQL 語法
WITH
    (
        SELECT (toString(argMax(et_date, c)), max(c), argMax(c, et_date))
        FROM (
            SELECT toDate(toTimeZone(window_start, 'America/New_York')) AS et_date,
                   argMax(toFloat64(close), window_start) AS c
            FROM global_markets.delayed_stocks_minute_aggs
            WHERE ticker = 'NVDA'
              AND window_start >= toDateTime('2026-07-06 00:00:00') AND window_start < toDateTime('2026-07-11 00:00:00')
              AND (toHour(window_start) * 60 + toMinute(window_start)) BETWEEN 810 AND 1199
            GROUP BY et_date
        )
    ) AS closes,
    (
        SELECT max(toFloat64(high)) FROM global_markets.delayed_stocks_minute_aggs
        WHERE ticker = 'NVDA' AND window_start >= toDateTime('2026-07-06 00:00:00') AND window_start < toDateTime('2026-07-11 00:00:00')
    ) AS hi,
    (
        SELECT min(toFloat64(low)) FROM global_markets.delayed_stocks_minute_aggs
        WHERE ticker = 'NVDA' AND window_start >= toDateTime('2026-07-06 00:00:00') AND window_start < toDateTime('2026-07-11 00:00:00')
    ) AS lo,
    (
        SELECT argMax(toFloat64(close), window_start) FROM global_markets.delayed_stocks_minute_aggs
        WHERE ticker = 'NVDA' AND window_start >= toDateTime('2026-07-02 00:00:00') AND window_start < toDateTime('2026-07-03 00:00:00')
          AND (toHour(window_start) * 60 + toMinute(window_start)) BETWEEN 810 AND 1199
    ) AS prior_week_close
SELECT
    round(prior_week_close, 2) AS prior_friday_close,
    round(toFloat64(argMinIf(open, window_start, (toHour(window_start) * 60 + toMinute(window_start)) BETWEEN 810 AND 1199)), 2) AS week_open,
    closes.3 AS week_close,
    round((closes.3 / prior_week_close - 1) * 100, 1) AS week_change_pct,
    closes.1 AS peak_close_date,
    round(closes.2, 2) AS peak_close,
    round(hi, 2) AS week_high,
    formatDateTime(toTimeZone(minIf(window_start, toFloat64(high) >= hi - 0.011), 'America/New_York'), '%Y-%m-%d %H:%i') AS week_high_first_bar_et,
    round(lo, 2) AS week_low,
    formatDateTime(toTimeZone(minIf(window_start, toFloat64(low) <= lo + 0.011), 'America/New_York'), '%Y-%m-%d %H:%i') AS week_low_bar_et,
    round(toFloat64(sum(volume)) / 1e6, 1) AS week_shares_m,
    round(sum(toFloat64(close) * toFloat64(volume)) / 1e9, 1) AS week_dollar_bn,
    round(sumIf(toFloat64(close) * toFloat64(volume), (toHour(window_start) * 60 + toMinute(window_start)) BETWEEN 810 AND 1199) / 1e9, 1) AS rth_dollar_bn,
    uniqExact(toDate(toTimeZone(window_start, 'America/New_York'))) AS session_days_observed
FROM global_markets.delayed_stocks_minute_aggs
WHERE ticker = 'NVDA'
  AND window_start >= toDateTime('2026-07-06 00:00:00') AND window_start < toDateTime('2026-07-11 00:00:00')

從 $194.51 到 $210.96：+8.5%。首尾兩端道盡走勢輪廓：$190.6 低點出現在美東時間 2026-07-07 07:35 —— 週二盤前，距離暴跌開盤尚有數小時 —— 而 $211.1 高點則在美東時間 2026-07-10 16:01 出現，該根K線承載了週五的收盤集合競價。在第二個交易時段開始前便已觸底，幾乎在最後一筆成交時見頂；成交量 565.2 百萬股，含延長交易時段在內成交額達 $113.6B。

逐日回顧

五個交易日，無一日相同——哪些日子真正發揮了作用？

查詢NVDA 各交易時段 — 收盤價、漲跌幅、股數、成交金額
每個數據背後的精確 SQL 語法
SELECT
    et_date,
    close_usd,
    round(if(prev_close = 0, NULL, (close_usd / prev_close - 1) * 100), 1) AS change_pct,
    shares_m,
    dollar_bn
FROM (
    SELECT et_date, close_usd, shares_m, dollar_bn,
           lagInFrame(close_usd) OVER (ORDER BY et_date ASC ROWS BETWEEN 1 PRECEDING AND CURRENT ROW) AS prev_close
    FROM (
        SELECT
            toDate(toTimeZone(window_start, 'America/New_York')) AS et_date,
            round(argMaxIf(toFloat64(close), window_start, (toHour(window_start) * 60 + toMinute(window_start)) BETWEEN 810 AND 1199), 2) AS close_usd,
            round(toFloat64(sum(volume)) / 1e6, 1) AS shares_m,
            round(sum(toFloat64(close) * toFloat64(volume)) / 1e9, 2) AS dollar_bn
        FROM global_markets.delayed_stocks_minute_aggs
        WHERE ticker = 'NVDA'
          AND window_start >= toDateTime('2026-07-02 00:00:00') AND window_start < toDateTime('2026-07-11 00:00:00')
        GROUP BY et_date
    )
)
WHERE et_date >= toDate('2026-07-06')
ORDER BY et_date

走勢輪廓：週一與週二小幅收紅——週二正是晶片股遭拋售之日，當天NVDA能收漲+0.7%，已使其成為半導體板塊中唯一倖存者（交易明細見下節）。週三+3.7%，為本週次高收盤價，同時大盤趨穩。週四-0.7%——作壁上觀之日：在今夏最狂野的開盤中收跌，而所有同業均收紅。週五+4%至$210.96，全日成交金額達27.41B——為週五大盤成交最熱絡的個股，明細見下。除週四外，每日成交金額逐日攀升：從週一的16.54B升至週五的27.41B。

晶片族群，逐日觀察

「與其族群對作」是讀者應該能自行檢驗的說法：將 NVDA 與 AMD、MU、INTC 及 TSM（台積電 ADR）並列，涵蓋五個交易日。

查詢NVDA 與晶片族群比較 — 各時段收盤對收盤漲跌幅 (%)
每個數據背後的精確 SQL 語法
SELECT
    toString(d) AS et_date,
    round(maxIf(pct, ticker = 'NVDA'), 1) AS nvda_pct,
    round(maxIf(pct, ticker = 'AMD'), 1) AS amd_pct,
    round(maxIf(pct, ticker = 'MU'), 1) AS mu_pct,
    round(maxIf(pct, ticker = 'INTC'), 1) AS intc_pct,
    round(maxIf(pct, ticker = 'TSM'), 1) AS tsm_pct
FROM (
    SELECT ticker, d,
           (c / lagInFrame(c) OVER (PARTITION BY ticker ORDER BY d ASC ROWS BETWEEN 1 PRECEDING AND CURRENT ROW) - 1) * 100 AS pct
    FROM (
        SELECT ticker,
               toDate(toTimeZone(window_start, 'America/New_York')) AS d,
               argMaxIf(toFloat64(close), window_start, (toHour(window_start) * 60 + toMinute(window_start)) BETWEEN 810 AND 1199) AS c
        FROM global_markets.delayed_stocks_minute_aggs
        WHERE ticker IN ('NVDA', 'AMD', 'MU', 'INTC', 'TSM')
          AND window_start >= toDateTime('2026-07-02 00:00:00') AND window_start < toDateTime('2026-07-11 00:00:00')
        GROUP BY ticker, d
    )
)
WHERE d >= toDate('2026-07-06')
GROUP BY d
ORDER BY d

週一，族群全面上漲——AMD +6.5%——而 NVDA 僅小幅上漲 +0.6%。週二暴跌：AMD -6.4%，MU -4.6%，INTC -9.6%，TSM -4.2%——NVDA 逆勢收紅 +0.7%，是該族群唯一收漲的個股。週四情況反轉：其他四檔同步上漲，AMD 以 +5.7% 領先，唯獨 NVDA 下跌 -0.7%。週五，NVDA 的 +4% 領漲，而 MU（-1.2%）、INTC（-2.4%）及 TSM（-0.6%）則收黑下跌。在五個交易日中，有三個交易日 NVDA 的收盤方向與其四檔同業中至少三檔的漲跌方向相反。MU 的深入探討涵蓋了本週成交量最大的個股。

全市場成交量第3大的股票

排名主張需要明確的基準與數據佐證——先提供整體排行榜作為背景，再以一列數據對比其他所有股票。

查詢當週一般交易時段成交金額最重的個股
每個數據背後的精確 SQL 語法
SELECT ticker, round(sum(toFloat64(volume) * toFloat64(close)) / 1e9, 1) AS rth_dollar_bn
FROM global_markets.delayed_stocks_minute_aggs
WHERE window_start >= toDateTime('2026-07-06 00:00:00') AND window_start < toDateTime('2026-07-11 00:00:00')
  AND (toHour(window_start) * 60 + toMinute(window_start)) BETWEEN 810 AND 1199
  AND ticker NOT IN ('SPCX')
GROUP BY ticker
ORDER BY rth_dollar_bn DESC
LIMIT 6
查詢排名明細：NVDA 週成交金額與其他個股對比，含僅週五排名
每個數據背後的精確 SQL 語法
WITH (
    SELECT sum(toFloat64(volume) * toFloat64(close))
    FROM global_markets.delayed_stocks_minute_aggs
    WHERE ticker = 'NVDA'
      AND window_start >= toDateTime('2026-07-06 00:00:00') AND window_start < toDateTime('2026-07-11 00:00:00')
      AND (toHour(window_start) * 60 + toMinute(window_start)) BETWEEN 810 AND 1199
) AS nvda_d,
(
    SELECT sum(toFloat64(volume) * toFloat64(close))
    FROM global_markets.delayed_stocks_minute_aggs
    WHERE ticker = 'NVDA'
      AND window_start >= toDateTime('2026-07-10 00:00:00') AND window_start < toDateTime('2026-07-11 00:00:00')
      AND (toHour(window_start) * 60 + toMinute(window_start)) BETWEEN 810 AND 1199
) AS nvda_friday,
(
    SELECT (countIf(d > nvda_friday) + 1, max(d))
    FROM (
        SELECT ticker, sum(toFloat64(volume) * toFloat64(close)) AS d
        FROM global_markets.delayed_stocks_minute_aggs
        WHERE window_start >= toDateTime('2026-07-10 00:00:00') AND window_start < toDateTime('2026-07-11 00:00:00')
          AND (toHour(window_start) * 60 + toMinute(window_start)) BETWEEN 810 AND 1199
          AND ticker NOT IN ('SPCX', 'NVDA')
        GROUP BY ticker
    )
) AS friday_field
SELECT
    countIf(d > nvda_d AND ticker != 'NVDA') + 1 AS nvda_rank,
    round(nvda_d / 1e9, 1) AS nvda_dollar_bn,
    countIf(d > nvda_d AND ticker NOT IN ('SPY', 'QQQ', 'NVDA')) AS single_stocks_above_nvda,
    round(100 * nvda_d / max(d), 1) AS pct_of_leader,
    friday_field.1 AS friday_rank,
    round(nvda_friday / 1e9, 2) AS friday_nvda_rth_bn,
    round((nvda_friday - friday_field.2) / 1e9, 2) AS friday_margin_over_next_bn
FROM (
    SELECT ticker, sum(toFloat64(volume) * toFloat64(close)) AS d
    FROM global_markets.delayed_stocks_minute_aggs
    WHERE window_start >= toDateTime('2026-07-06 00:00:00') AND window_start < toDateTime('2026-07-11 00:00:00')
      AND (toHour(window_start) * 60 + toMinute(window_start)) BETWEEN 810 AND 1199
      AND ticker NOT IN ('SPCX')
    GROUP BY ticker
)

僅有 MU——本週成交量怪獸——與 SPY 在正規交易時段的成交金額更高；整週僅 1 檔個股排名高於 NVDA，而 NVDA 的成交金額達到榜首的 65.3%。週五的數據則印證了引言中的另一項主張：僅週五一天，NVDA 的 $26.56B 成交金額在全市場排名第 1，較次一檔股票高出 $0.27B——差距極微，但確實居冠。基準：正規交易時段成交金額，7 月 6 日至 10 日窗口，排除一檔重複使用代碼的股票（詳見數據說明）。

本週收盤後 NVDA 的位置

接下來的問題自然是空間位置：NVDA 距離自身高點有多近，這波反彈實際上收復了什麼？

查詢NVDA 週五收盤持倉檢視 — 過去一年極端價與移動平均線
每個數據背後的精確 SQL 語法
WITH daily AS (
    SELECT
        toDate(toTimeZone(window_start, 'America/New_York')) AS et_date,
        argMaxIf(toFloat64(close), window_start, (toHour(window_start) * 60 + toMinute(window_start)) BETWEEN 810 AND 1199) AS c,
        maxIf(toFloat64(high), (toHour(window_start) * 60 + toMinute(window_start)) BETWEEN 810 AND 1199) AS h,
        minIf(toFloat64(low), (toHour(window_start) * 60 + toMinute(window_start)) BETWEEN 810 AND 1199) AS l
    FROM global_markets.delayed_stocks_minute_aggs
    WHERE ticker = 'NVDA'
      AND window_start >= toDateTime('2025-07-11 00:00:00') AND window_start < toDateTime('2026-07-11 00:00:00')
    GROUP BY et_date
    HAVING countIf((toHour(window_start) * 60 + toMinute(window_start)) BETWEEN 810 AND 1199) > 0
)
SELECT
    round(argMax(c, et_date), 2) AS friday_close,
    round(max(h), 2) AS high_52w,
    argMax(toString(et_date), (h, et_date)) AS high_52w_date,
    round(100 * (1 - argMax(c, et_date) / max(h)), 1) AS pct_below_52w_high,
    round(min(l), 2) AS low_52w,
    argMax(toString(et_date), (-l, et_date)) AS low_52w_date,
    round(100 * (argMax(c, et_date) / min(l) - 1), 1) AS close_vs_52w_low_pct,
    round(arrayAvg(arrayMap(t -> t.2, arraySlice(arrayReverseSort(t -> t.1, groupArray((et_date, c))), 1, 50))), 2) AS ma_50d,
    round(100 * (argMax(c, et_date) / arrayAvg(arrayMap(t -> t.2, arraySlice(arrayReverseSort(t -> t.1, groupArray((et_date, c))), 1, 50))) - 1), 1) AS close_vs_ma50_pct,
    round(arrayAvg(arrayMap(t -> t.2, arraySlice(arrayReverseSort(t -> t.1, groupArray((et_date, c))), 1, 200))), 2) AS ma_200d,
    round(100 * (argMax(c, et_date) / arrayAvg(arrayMap(t -> t.2, arraySlice(arrayReverseSort(t -> t.1, groupArray((et_date, c))), 1, 200))) - 1), 1) AS close_vs_ma200_pct,
    count() AS trading_days_observed
FROM daily

週五收在 $210.96，較過去一年高點 $236.54（2026-05-14 所創）低 10.8%，較過去一年低點 $162.02（2025-07-14 打出 — 即觀察區間的遠端）高 30.2%。均線給出的訊號更明確：本週收盤僅高出 50 日均線 $209.16 +0.9%，同時高出 200 日均線 $191.75 +10%。換句話說，一週 +8.5% 的漲勢，只是把 NVDA 拉回其兩個月均線原本所在的位置附近 — 而 5 月高點仍遠在上方。

本週相對於過去半年的表現

以 NVDA 自身的標準來看，這週算大週嗎？兩個軸向——報酬率與成交金額——皆以 2026 年的每一週為基準，採用相同方式計算。

查詢NVDA 週報酬率，回溯約26週（每週開盤至收盤）— 本週排名
每個數據背後的精確 SQL 語法
SELECT
    toString(wk) AS period_start,
    round(ret, 1) AS week_return_pct,
    round(dollar_bn, 1) AS week_rth_dollar_bn
FROM (
    SELECT toStartOfWeek(toDate(toTimeZone(window_start, 'America/New_York')), 1) AS wk,
           uniqExact(toDate(toTimeZone(window_start, 'America/New_York'))) AS sessions,
           (argMaxIf(toFloat64(close), window_start, (toHour(window_start) * 60 + toMinute(window_start)) BETWEEN 810 AND 1199) / argMinIf(toFloat64(open), window_start, (toHour(window_start) * 60 + toMinute(window_start)) BETWEEN 810 AND 1199) - 1) * 100 AS ret,
           sumIf(toFloat64(close) * toFloat64(volume), (toHour(window_start) * 60 + toMinute(window_start)) BETWEEN 810 AND 1199) / 1e9 AS dollar_bn
    FROM global_markets.delayed_stocks_minute_aggs
    WHERE ticker = 'NVDA'
      AND window_start >= toDateTime('2026-01-05 00:00:00') AND window_start < toDateTime('2026-07-11 00:00:00')
    GROUP BY wk
    HAVING sessions >= 3
)
ORDER BY period_start

以每週開盤到收盤的區間衡量，本週的 +8.5% 落在 NVDA 2026 年表現表的強勢邊緣，與 2026-04-13 週的 +8.4% 並列——而且距離 2026-06-22 週出現 -9.3% 僅隔兩週。成交量軸向則是較安靜的意外：本週的 107.1B 在 2026 年的分布區間中，位置更靠近中段而非頂端——2026-06-01 週在 -4.9% 的波動中，曾創下 167.7B 的成交金額。一個價格波動劇烈、成交量卻不突出的週。基準線是先前成交紀錄，即時重新計算；六月深度分析 則收錄了月度版本。

成交明細的構成

週總量說明成交了多少；成交明細的質地則說明是如何成交的。

查詢逐筆成交結構與報價統計 — NVDA，全週
每個數據背後的精確 SQL 語法
WITH
    (
        SELECT (round(count() / 1e6, 2),
                round(100.0 * countIf(bid_price > 0 AND ask_price > 0 AND ask_price > bid_price) / count(), 2))
        FROM global_markets.cache_stocks_quotes
        WHERE ticker = 'NVDA'
          AND sip_timestamp >= toDateTime64('2026-07-06 00:00:00', 9) AND sip_timestamp < toDateTime64('2026-07-11 00:00:00', 9)
    ) AS quote_census
SELECT
    round(count() / 1e6, 2) AS prints_m,
    quantileDeterministic(0.5)(toFloat64(size), toUInt64(abs(sequence_number))) AS median_print_shares,
    round(100.0 * countIf(size < 100) / count(), 1) AS odd_lot_pct_of_prints,
    quote_census.1 AS nbbo_updates_m,
    quote_census.2 AS clean_two_sided_pct
FROM global_markets.stocks_trades
WHERE ticker = 'NVDA'
  AND sip_timestamp >= toDateTime64('2026-07-06 00:00:00', 9) AND sip_timestamp < toDateTime64('2026-07-11 00:00:00', 9)

12.17 萬筆成交紀錄，每筆成交股數中位數僅 3 股，84.4% 的成交紀錄低於一百股的整數交易單位。請注意排序：成交紀錄的列印次數比報價變動更頻繁——12.17 萬筆交易對比 9.86 萬次 NBBO 更新（98.99% 為乾淨的雙邊報價）。在這樣的中位數規模下，基本上沒有任何規模的訂單會完整地到達交易所：母單被路由器與演算法切碎成子單。現代散戶碎片化市場，盡在一行數據之中。

價差維持平淡——而且是刻意的

一場暴跌、一波反彈、一次觀望、一輪飆升——每個理由都足以讓流動性退縮。結果呢？

查詢NVDA 各時段一般交易時段報價中位數價差（中點基點）
每個數據背後的精確 SQL 語法
SELECT
    session,
    round(quantileDeterministicIf(0.5)((toFloat64(ask_price) - toFloat64(bid_price)) / ((toFloat64(ask_price) + toFloat64(bid_price)) / 2) * 10000, toUInt64(toUnixTimestamp64Micro(sip_timestamp)), bid_price > 0 AND ask_price >= bid_price), 2) AS med_spread_bps,
    count() AS quote_updates
FROM global_markets.cache_stocks_quotes
WHERE ticker = 'NVDA'
  AND sip_timestamp >= toDateTime64('2026-07-06 13:30:00', 9) AND sip_timestamp < toDateTime64('2026-07-11 00:00:00', 9)
  AND (toHour(sip_timestamp) * 60 + toMinute(sip_timestamp)) BETWEEN 810 AND 1199
GROUP BY toDate(toTimeZone(sip_timestamp, 'America/New_York')) AS session
ORDER BY session

沒有。常規交易時段的中位數價差從未脫離個位數基點的低檔：週一 1.02 個基點，週五 0.96 個基點。細節值得再看一次：本週最寬的中位數價差出現在週三的 1.52 個基點——那是輝達大漲的日子，不是暴跌日——而週二的暴跌，報價中位數為 1.03 個基點，當天報價更新量卻是本週最高的 2411154 筆。在巨型股身上，壓力表現為報價次數增加，而非價差擴大（為什麼價差是該關注的數字）；訂單類型的經濟邏輯從未改變。

新聞流：關注度在行情發動前就已升溫

如果這一週有單一主軸，新聞流理應承載它——但未必出現在你預期的地方。

查詢新聞關注度：當週標記 NVDA 的文章，解讀
每個數據背後的精確 SQL 語法
WITH
    (
        SELECT (toString(d), n)
        FROM (
            SELECT toDate(toTimeZone(published_utc, 'America/New_York')) AS d, count() AS n
            FROM global_markets.stocks_news
            WHERE has(tickers, 'NVDA')
              AND published_utc >= toDateTime('2026-07-06 00:00:00')
              AND published_utc < toDateTime('2026-07-11 04:00:00')
            GROUP BY d ORDER BY n DESC, d ASC LIMIT 1
        )
    ) AS peak_day,
    (
        SELECT (JSONExtractString(publisher, 'name') AS p, count() AS n)
        FROM global_markets.stocks_news
        WHERE has(tickers, 'NVDA')
          AND published_utc >= toDateTime('2026-07-06 00:00:00')
          AND published_utc < toDateTime('2026-07-11 04:00:00')
        GROUP BY p ORDER BY n DESC, p ASC LIMIT 1
    ) AS top_pub
SELECT
    count() AS week_articles,
    uniqExact(JSONExtractString(publisher, 'name')) AS publishers,
    peak_day.1 AS peak_day_date,
    peak_day.2 AS peak_day_articles,
    countIf(toDate(toTimeZone(published_utc, 'America/New_York')) = toDate('2026-07-09')) AS thursday_articles,
    peak_day.2 - countIf(toDate(toTimeZone(published_utc, 'America/New_York')) = toDate('2026-07-09')) AS peak_minus_thursday,
    top_pub.1 AS top_publisher,
    round(100.0 * top_pub.2 / count(), 1) AS top_publisher_share_pct,
    countIf(has(tickers, 'MU')) AS mu_co_articles,
    countIf(has(tickers, 'AMD')) AS amd_co_articles,
    countIf(positionCaseInsensitive(title, 'artificial intelligence') > 0 OR position(title, 'AI') > 0) AS ai_titled_articles
FROM global_markets.stocks_news
WHERE has(tickers, 'NVDA')
  AND published_utc >= toDateTime('2026-07-06 00:00:00')
  AND published_utc < toDateTime('2026-07-11 04:00:00')

86 篇來自 3 家發布者的標記文章，其中 77.9% 篇來自單一媒體（The Motley Fool）——這是某一聚合資訊源的標記方式，偏向散戶評論，也應以此角度解讀。高峰落在 2026-07-06——週一，25 篇文章——早於週四 20 關於缺席本身的報導。內容構成反映的是整個生態系而非輝達單一個股：29 則標題帶有 AI 框架，24 則共同標記美光，17 則共同標記超微。這些數據無法在任一劇烈波動日單獨指向輝達的特定催化因素——從這份資料來看，原因未知，坦承這點勝過憑空捏造一個。

選擇權：17.28 百萬口合約，買權主導

選擇權的成交紀錄能顯現布局的樣貌：相較於什麼、集中在哪些履約價、到期日落在何時？

查詢NVDA 選擇權，全週：總計、買賣權比對歷史基準、履約價與到期日解讀
每個數據背後的精確 SQL 語法
WITH
    (
        SELECT ticker
        FROM global_markets.options_trades
        WHERE startsWith(ticker, 'O:NVDA') AND length(ticker) = 21
          AND sip_timestamp >= toDateTime64('2026-07-06 00:00:00', 9) AND sip_timestamp < toDateTime64('2026-07-11 00:00:00', 9)
        GROUP BY ticker ORDER BY sum(size) DESC, ticker ASC LIMIT 1
    ) AS busiest_t,
    (
        SELECT round(toFloat64(sumIf(size, substring(ticker, 13, 1) = 'P')) / toFloat64(sumIf(size, substring(ticker, 13, 1) = 'C')), 2)
        FROM global_markets.options_trades
        WHERE startsWith(ticker, 'O:NVDA') AND length(ticker) = 21
          AND sip_timestamp >= toDateTime64('2026-06-08 00:00:00', 9) AND sip_timestamp < toDateTime64('2026-07-03 00:00:00', 9)
    ) AS trailing_pc,
    (
        SELECT argMax(toFloat64(close), window_start)
        FROM global_markets.delayed_stocks_minute_aggs
        WHERE ticker = 'NVDA' AND window_start >= toDateTime('2026-07-10 00:00:00') AND window_start < toDateTime('2026-07-11 00:00:00')
          AND (toHour(window_start) * 60 + toMinute(window_start)) BETWEEN 810 AND 1199
    ) AS friday_close,
    (
        SELECT argMax(toFloat64(close), window_start)
        FROM global_markets.delayed_stocks_minute_aggs
        WHERE ticker = 'NVDA' AND window_start >= toDateTime('2026-07-02 00:00:00') AND window_start < toDateTime('2026-07-03 00:00:00')
          AND (toHour(window_start) * 60 + toMinute(window_start)) BETWEEN 810 AND 1199
    ) AS start_close,
    (
        SELECT concat(substring(e, 3, 2), '-', substring(e, 5, 2))
        FROM (
            SELECT substring(ticker, 7, 6) AS e, sum(size) AS v
            FROM global_markets.options_trades
            WHERE startsWith(ticker, 'O:NVDA') AND length(ticker) = 21
              AND substring(ticker, 7, 6) > '260710'
              AND sip_timestamp >= toDateTime64('2026-07-06 00:00:00', 9) AND sip_timestamp < toDateTime64('2026-07-11 00:00:00', 9)
            GROUP BY e ORDER BY v DESC, e ASC LIMIT 1
        )
    ) AS back_expiry
SELECT
    round(sum(size) / 1e6, 2) AS contracts_traded_m,
    round(count() / 1e6, 2) AS prints_m,
    round(sum(toFloat64(price) * size) * 100 / 1e9, 2) AS premium_notional_busd,
    round(toFloat64(sumIf(size, substring(ticker, 13, 1) = 'P')) / toFloat64(sumIf(size, substring(ticker, 13, 1) = 'C')), 2) AS week_put_call_ratio,
    trailing_pc AS trailing_4w_put_call_ratio,
    uniqExact(substring(ticker, 7, 6)) AS expiries_traded,
    concat('$', toString(round(toFloat64(toUInt32OrZero(substring(busiest_t, 14, 8))) / 1000, 2)),
           if(substring(busiest_t, 13, 1) = 'P', ' put', ' call'),
           ', expiry 20', substring(busiest_t, 7, 2), '-', substring(busiest_t, 9, 2), '-', substring(busiest_t, 11, 2)) AS busiest_contract,
    round(friday_close - toFloat64(toUInt32OrZero(substring(busiest_t, 14, 8))) / 1000, 2) AS friday_close_over_busiest_strike,
    round(100.0 * sumIf(size, substring(ticker, 7, 6) = '260710') / sum(size), 1) AS friday_expiry_share_pct,
    back_expiry AS busiest_back_expiry_md,
    round(100.0 * sumIf(size, substring(ticker, 13, 1) = 'C' AND toFloat64(toUInt32OrZero(substring(ticker, 14, 8))) / 1000 > start_close) / sumIf(size, substring(ticker, 13, 1) = 'C'), 1) AS call_vol_strike_above_start_pct
FROM global_markets.options_trades
WHERE startsWith(ticker, 'O:NVDA') AND length(ticker) = 21
  AND sip_timestamp >= toDateTime64('2026-07-06 00:00:00', 9) AND sip_timestamp < toDateTime64('2026-07-11 00:00:00', 9)

17.28 百萬口合約，27 個到期日橫跨 5.09B 美元權利金，買權賣權比為 0.42。相較於什麼：NVDA 過去四個完整交易週的均值為 0.6 —— 買權傾斜程度在這一週的漲勢中變得更極端，而非收斂。集中在哪些履約價：96.6% 的買權成交量落在當週 194.51 美元開盤價之上 —— 那是週一開盤時股價尚未觸及的區域。到期日落在何時：34.9% 的成交量僅集中在週五到期的週選擇權，而交易最熱絡的合約 —— $210 call, expiry 2026-07-10 —— 在週五收盤時，股價僅高出其履約價 0.96 美元：距離當週成交量最大的履約價不到一美元。週五之後，成交量最大的遠期到期日為 07-17 —— 7 月月選擇權，距今還有一週（到期日曆；解讀買賣權比率）。

空方，附帶本週的附註

FINRA 的每日檔案追蹤標記為短線賣出的交易量 — 本週有一項檔案品質的附註，以標示方式呈現而非隱藏。

查詢FINRA 每日 NVDA 短倉成交量 — 附檔案完整性說明
每個數據背後的精確 SQL 語法
SELECT toString(date) AS d,
       round(sum(short_volume) / 1e6, 1) AS short_shares_m,
       count() AS nvda_rows_on_file
FROM global_markets.stocks_short_volume
WHERE ticker = 'NVDA' AND date >= toDate('2026-07-06') AND date <= toDate('2026-07-10')
GROUP BY date
ORDER BY date

每日申報的短線交易量週一報 12.7M 股，週五報 26.6M 股 — 隨著本週美元交易量累積，數字大約翻了一倍。實際情況沒有聽起來那麼劇烈：這些檔案計算的是標記為短線的賣出交易，大多屬於造市商的庫存管理 — 短線交易量與未平倉空單的區別 可將兩者區分開來。一項附註：7 月 7 日的檔案全市場收到的資料不完整（已在 週報摘要 中記錄），因此該交易日的數據（包含輝達在內）在重新申報前都視為暫定數字。最接近本週的雙週 未平倉空單 報告結算日為 6 月 30 日；回補天數 是以退出時間來衡量空頭部位。

常見問題

NVDA 在 2026 年 7 月 6 日當週的股價表現如何？

NVDA 上漲 8.5%，從週一開盤的 $194.51 升至 7 月 10 日週五收盤的 $210.96，週內高點為 $211.1，低點為 $190.6。週五漲幅最大，達 +4%。

經過 7 月 6 日當週後，NVDA 是否創下歷史新高？

沒有。週五收盤價 $210.96 較其過去一年高點 $236.54 低了 10.8%，該高點創於 2026-05-14。

NVDA 是否高於其關鍵移動平均線？

是的：7 月 10 日收盤價較 50 日均線（$209.16）高出 +0.9%，並較 200 日均線（$191.75）高出 +10%。

NVDA 當週的賣權/買權比率為何？是否異常？

當週交易比率為每口買權對應 0.42 口賣權——買權交易比重高於 NVDA 過去四週的 0.6——其中 34.9% 的合約集中在週五到期的週選擇權。

NVDA 本週走勢是否與其他晶片股同步？

大多不同步。對比 AMD、MU、INTC 和 TSM，在週二市場重挫時，NVDA 是唯一收漲的個股（+0.7% 對比 AMD 的 -6.4%）；而在週四反彈時，NVDA 則是唯一收跌的個股（-0.7% 對比 AMD 的 +5.7%）。

資料說明

  • 時間窗與時鐘。 時間戳記以 UTC 儲存；常規交易時段為 ET 分鐘區間 810–1199（紐約時間上午 9:30 至下午 4:00）。前次收盤價為 7 月 2 日週四（7 月 3 日為市場假日）。
  • 排行榜排除規則。 美元成交量排行榜依既定內部規則，僅排除一檔標的：該代碼被供應商數據饋送指派給兩家不同公司 — 針對該掛牌標的的深入探討 附有身分驗證憑據。其餘標的皆未排除。
  • 同業比較組。 一組預先宣告的比較組 — AMD、MU、INTC、TSM（台積電 ADR）— 由交易廣泛的在美上市晶片股組成，而非採用供應商的行業分類。
  • 移動平均線。 截至 7 月 10 日，過去五十個及過去兩百個常規交易時段收盤價的簡單平均；過去一年高低價區間採用常規交易時段的高點與低點。
  • 新聞來源。 採用單一彙總新聞饋送的標籤，並非全球媒體。資料倉儲中無經授權的財報日曆資料集，因此此處不提供前瞻性的財報日期主張。
  • OCC 代碼解析。 選擇權代碼依位置解析（根代碼 O:NVDA；履約價位於末八位數字）。位置與排序相關的主張均編碼為健全性邊界條件。

方法論

  • 資料來源：整合報價帶 — delayed_stocks_minute_aggs, stocks_trades + cache_stocks_quotes, options_trades, FINRA stocks_short_volume, 交易所申報 stocks_short_interest。
  • 確定性彙總：基於穩定鍵值的 quantileDeterministic；極值以元組決勝。
  • 前期比較：直接從報價帶即時計算，絕不引用先前文章；週基準線附有 period_start 欄位以涵蓋漂移。
  • 倉庫截至：2026年7月12日（該週最後一個交易日的T+2）。

交叉連結：NVDA 2026年6月深度剖析、透過本週市場回顧取得五份日報、選擇權詞彙請見DTE說明。每個面板的SQL皆可在Strasmore終端機上直接執行。

← All NVDA periods
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