NVDA Options Signal $190 Bullish Battle: How Traders Can Ride the AI Giant’s Volatility Wave

• Nvidia surges 2.09% to $183.33, trading near 30-day support at $186.01
• Call open interest dominates at $190 and $185 strikes ahead of Friday’s expiry
• Block trades show big money buying 26,000 calls at $175 strike for Sept expiry

Here’s the thing: Nvidia’s options market is screaming about a potential $190 breakout. With call open interest spiking at key strikes and technicals hinting at a short-term reversal, this isn’t just noise—it’s a setup. Let’s break down why traders should be watching this level like a hawk.

Bullish Pressure at $190: What the Options Are Whispering

If you’ve been tracking options data, you’ve noticed the NVDA20251205C190 and NVDA20251205C185 strikes are packed with 133,137 and 119,431 open contracts respectively. That’s not random—it’s a crowd of traders betting on a push above $190. The put/call ratio of 0.88 (call bias) reinforces this, especially when you see deep puts like NVDA20251205P160 with 51,431 open contracts acting as a floor.

But here’s the twist: the block trade data tells a bigger story. A massive 26,000 calls were bought at the NVDA20250919C175 strike in early September, suggesting institutional players are hedging long-term bets. Meanwhile, the $200 call strikes (like NVDA20251212C200) are quietly gathering steam for next Friday’s expiry. This isn’t just retail frenzy—it’s a multi-layered bullish play.

News That Could Fuel the Fire

Nvidia’s cash hoard ($60.6B) and $100B OpenAI stake hint at a company primed for aggressive growth. The recent Palantir partnership to streamline AI data centers? That’s a direct tailwind for demand. But don’t ignore the risks: Meta’s rumored shift to Alphabet’s TPUs could dent short-term sentiment. Still, the $57B Q3 revenue print and $3–$4T data center capex forecasts by 2030 make this a stock built for the long haul.

Actionable Trades for Today

For options traders:

• Buy-to-open the NVDA20251205C190 at current premiums if NVDA holds above $185. Target $195–$200 for 50–100% gains by Friday.
• Sell-to-open the NVDA20251212P165 next week if the stock dips to $182–$183 (near 200D support). Collect premiums while capping downside risk.

For stock players:

• Entry near $183.50 if RSI (36.4) holds above 30. First target: $186.61 (30D resistance). Second: $190 (key call cluster zone).
• Stop-loss at $179.98 (200D support) to protect against a breakdown.

Volatility on the Horizon

Nvidia’s story isn’t just about AI hype—it’s about execution. The options market is pricing in a 5–7% move by Friday, and the block trades suggest big players are ready for it. If the $190 level cracks, this could be the start of a multi-week rally. But if it falters, watch for a test of $172.55 (lower Bollinger Band). Either way, December is shaping up to be a pivotal month for this AI titan.