NVDA Options Signal Bullish Bias: Key Strikes and Block Trades Point to $190+ Upside Potential

• NVDA down 2.3% at $176.75, breaking below 30D support at $179.39
• Call OI dominance: $190 (142K) and $200 (83K) calls show heavy bullish positioning
• Block trade alert: 26K shares of NVDA20250919C175 bought, hinting at floor at $175

Here’s the deal: NVDA’s options market is screaming bullish—but the stock’s short-term pain isn’t over. Let’s break down why this could be a setup for a sharp rebound.

Bullish Pressure at $190–$200, But Watch the $175 Floor

The options chain tells a clear story. For Friday’s expiration, $190 calls (OI: 142,909) and $200 calls (OI: 83,026) dominate, suggesting big money expects a push toward $190+ by year-end. The next Friday’s $200 call (OI: 105,687) reinforces this. But don’t ignore the puts: $170 (OI: 33,822) and $165 (OI: 24,503) show where bears might step in if the stock cracks $175.

Block trades add intrigue. A 26,000-share buy of NVDA20250919C175 (strike: $175) implies a floor near that level. If the stock holds above $175, the call buyers could force a rebound. But if it breaks below $175, watch for panic selling—especially with the patent lawsuit looming.

News Flow: AI Wins vs. Short-Term Headwinds

Nvidia’s fundamentals are rock solid: record Q3 earnings, a $10B buyback, and a new H100 AI chip set to boost data center revenue. The partnership with the global university and cloud provider also signals long-term AI dominance. But the recent 8% drop (to a 3-month low) reflects broader tech sector jitters over Fed rate uncertainty. The patent lawsuit is a wildcard—it’s not huge yet, but could drag on sentiment if it escalates.

Actionable Trades: Calls for Bulls, Puts for Cautious Bears

• Bull play: Buy NVDA20251219C190 (next Friday’s $190 call). If NVDA breaks above $179.39 (30D support), this could ride a wave of call buying. Target: $190+ by Dec 19.
• Bear hedge: Buy NVDA20251219P170 (next Friday’s $170 put) if NVDA dips below $175. This caps downside risk while letting you ride any rebound.
• Stock entry: Consider buying NVDA near $175–$176 if it holds above the lower Bollinger Band ($175.69). First target: retest $182.53 (middle band). Second target: $187.37 (30D MA).

Volatility on the Horizon: Positioning for NVDA’s Next Move

The options market is pricing in a 10–15% move by year-end. With the stock trading near its lower Bollinger Band and RSI at 50.4, this feels like a short-term oversold bounce. But don’t get greedy—lock in profits if NVDA hits $185. The real game is in the next 7 days: if the stock closes above $182.53 (middle band), the bulls take control. Below $175, the puts could ignite a short-term selloff. Either way, this is a stock with clear direction—and the options are betting on it.