NVDA Options Signal $190 Bull Call Play as AI Demand Boils Over – Here’s How to Position

• NVDA surges 1.2% to $183.16, trading above 30D SMA but below 200D SMA
• Call open interest dominates at $190/$200 strikes; put/call ratio hits 0.87 (bullish skew)
• Block trades show 26,000 calls bought at $175 strike ahead of Sept 2025 expiry
• Analysts project 41% upside to $255.56 as AI data center demand accelerates

Here’s the takeaway: NVDA shows clear upside bias with options positioning and technicals aligning on a breakout above $184. The market is pricing in AI-driven growth, but near-term volatility could test key support/resistance clusters. Let’s break down what’s really moving the needle.

Bull Call Pressure at $190–$200 Strikes Signals Institutional Conviction

The options market is shouting “buy the dip” louder than the stock’s 1.2% rally today. This Friday’s open interest shows 40,928 calls at the $190 strike and 28,444 at $200 — nearly double the put activity at equivalent distances. The put/call ratio of 0.87 (calls > puts) confirms this bullish skew.

What’s telling? A massive block trade of 26,000 calls at the $175 strike (NVDA20250919C175) in late October. That’s not retail noise — that’s institutional money hedging a September 2025 rally. Combine this with next Friday’s $190 call OI (39,278 contracts) and you’ve got a price target on the radar.

AI Growth Narratives Fuel Options Sentiment, But Competition Looms

The news isn’t just background noise — it’s fuel. Analysts projecting $221–$255 price targets by year-end align perfectly with the $190–$200 call dominance. Nvidia’s $51.2B data center sales in Q3? That’s the rocket fuel. But Alibaba’s 89% YTD outperformance with its new AI chips? That’s the headwind.

Here’s the twist: While the stock trades in a 180.49–182.24 support range, the options market is pricing in a breakout. Retail traders might be eyeing the $184.16 intraday high as a catalyst — and with RSI at 51.29, we’re not far from overbought territory.

3 Specific Ways to Play This Setup

1. Bull Call Ladder (Next Friday Expiry): Buy NVDA20260102C190 (strike price $190) if NVDA closes above $184.16 today. Target $195–$200 breakouts. Why? The $190 strike has 39,278 open contracts — a liquidity magnet if the AI hype continues.

1. Stock Entry at $182.35 Support: If NVDA dips below $184 but holds above $182.35 (lower Bollinger Band), consider entries here. Price targets: $190 (50D SMA) and $200 (next call OI cluster). Stop-loss below $180.49.

1. Bear Put Hedge (Cautious Play): Buy NVDA20260102P160 (strike $160) if the stock tests 200D SMA at $157.56. This protects against a rare AI bubble burst scenario — though the 0.87 put/call ratio suggests most traders aren’t worried.

Volatility on the Horizon: Balancing AI Optimism and Execution Risks

The next 72 hours will test NVDA’s resolve. A close above $184.16 could trigger a rally toward $190, feeding off the call-heavy options chain. But watch the $179.68 middle Bollinger Band — a break below that would reignite bearish chatter about valuation.

Bottom line: This isn’t just a stock trade — it’s a bet on whether the AI data center boom can sustain its $3–4T long-term projection. The options market is already pricing in 40%+ gains, but execution matters. Play it smart: Use the $190 call as your directional bet, keep a tight stop at $180.49, and don’t ignore Alibaba’s rising threat.