NVDA Options Signal $190 Bull Call Play Amid Trump Trade Boost – Here’s How to Position

• NVDA plunges 3.5% to $177.33 amid Oracle-driven AI sector selloff
• Call open interest surges at $190 and $185 strikes, hinting at $190+ price target bets
• Trump’s H200 chip approval could unlock $30B in China revenue by 2026

Here’s the takeaway: NVDA’s options market is pricing in a sharp rebound. With call open interest concentrated above $190 and Trump-era trade policy tailwinds, the stock shows upside potential if it breaks above key resistance. But watch for Oracle’s ripple effects—this isn’t a straight-line trade.

Bull Call Accumulation at $190: What the Options Are Saying

The options chain tells a story of conviction. For Friday’s expiration, 169,614 calls at $190 (NVDA20251212C190) and 127,745 at $185 (NVDA20251212C185) dominate open interest. Next Friday’s data amplifies this: 106,384 calls at $200 (NVDA20251219C200) and 83,223 at $235 (NVDA20251219C235) suggest big money is stacking up for a late-month move.

But it’s not all one-way bullish. The put/call ratio of 0.88 (favoring calls) hints at aggressive optimism, yet block trades like the 26,000-lot NVDA20250919C175 buy (Sept expiration) show some hedging activity. The danger? If NVDA fails to hold above $179.40 (30D support), those bullish calls could turn into losses.

Trump’s H200 Approval vs. Oracle’s AI Woes: A Tug-of-War

The news flow is a mixed bag. On one hand, Trump’s 25% revenue-sharing H200 chip deal with China could add $30B annually—a 16% revenue boost for NVDA. On the other, Oracle’s “chip neutrality” policy and its $30B OpenAI debt raise red flags. Larry Ellison’s pivot to AMD/Intel could dilute NVDA’s AI dominance, but the Trump trade offset might outweigh this for now.

Investors are pricing in the best of both worlds: Blackwell sales “off the charts” and a $350B 2026 revenue target. But don’t ignore the portfolio risk—CoreWeave’s 46% drop in NVDA’s holdings is a reminder that AI euphoria can sour fast.

Trade Ideas: Calls for the Bold, Puts for the Cautious

For options players:

• Bullish Play: Buy NVDA20251219C190 (next Friday’s $190 call) if NVDA breaks above $180.28 (today’s open). Target $190+ for 50%+ gains.
• Bearish Hedge: Buy NVDA20251219P175 (next Friday’s $175 put) if the stock dips below $176.62 (intraday low).

For stock traders:

• Entry: Consider buying near $179.40 (30D support) if the RSI (46.37) holds above 40.
• Target: Aim for $190–$195 if the 200D MA (155.55) continues to act as a floor.
• Stop: Exit below $176.62 to avoid Bollinger Band breakdown.

Volatility on the Horizon: Balancing Act Ahead

The next 72 hours will test NVDA’s resolve. A break above $180.28 could reignite the bullish narrative, while a close below $176.62 would validate the puts. The Trump trade is a wildcard—watch for $190 call volume to surge if the H200 orders materialize. For now, the options market is betting on a rebound. Your move? Stack with the calls… but keep a seatbelt handy.