NVDA Options Signal Bullish Bias: Key Strikes and Block Buys Point to $195+ Move

• Current Price Action: NVDA trades at $187.32, down 0.48% from its 52-week high of $188.99. Volume spikes to 22.17M shares, hinting at short-term positioning.
• Options Imbalance: Call open interest dominates at $192.5–$200 strikes, while puts cluster at $160–$185. Put/Call ratio: 0.88 (calls outweigh puts by 12%).
• Block Trade Alert: A 26,000-lot call buy at $175 (expiring Sept 2025) suggests institutional conviction in a multi-month rally.

The core insight? NVDA’s options market is pricing in a high-probability upside breakout—but only if it clears $189.93 resistance. Let’s break down why this matters.Bullish Options Clusters and Whale Moves

The options chain tells a clear story: traders are stacking up for a $190+ move. This Friday’s expiring calls show 86,842 open contracts at $192.5 and 85,168 at $195, while puts at $160–$185 hold 30K–23K open interest. The skew? Calls outnumber puts 2:1 at key strikes, a classic sign of aggressive bullish positioning.

But don’t ignore the risks. The $160 put block (23,349 OI) and $175 put (18,657 OI) suggest some hedging activity. If NVDA dips below $181.87 (middle Bollinger Band), those puts could trigger a short-term selloff. The real wildcard? That 26,000-lot NVDA20250919C175 block trade—buying deep-in-the-money calls implies big players expect a sustained rally through Q3 2025.

No News, But Quiet Optimism

The lack of recent headlines isn’t a red flag—it’s a green one. Without earnings reports or product announcements to sway sentiment, the options data reflects pure technical optimism. Retail traders and institutions are both betting on NVDA’s AI-driven momentum continuing into 2026. Think of it like a car with cruise control: no sudden turns, just steady acceleration.

Actionable Trade IdeasFor Options Traders:

• This Friday: Buy NVDA20251202C195 (strike $195, expiring Jan 2). With 60,675 OI, this call gains value if NVDA closes above $190.
• Next Friday: Buy NVDA20260109C195 (strike $195, expiring Jan 9). Lower volatility here means cheaper entry if the $190 level holds.

For Stock Traders:

• Entry: Buy NVDA near $186.93 (intraday low) if it holds above $181.87 (middle Bollinger Band).
• Target: Aim for $195 if the 30D MA (181.97) continues to slope upward.
• Stop-Loss: Exit below $180.73 (30D support level) to avoid a breakdown.

Volatility on the Horizon

The next 72 hours will test NVDA’s resolve. A close above $189.93 (intraday high) could trigger a parabolic move toward $200, fueled by the $195 call wall. But a drop below $181.87 might force re-evaluation of the $175–$180 support cluster. Either way, the options market has already priced in a winner—now it’s up to the stock to deliver.

Final Take: This isn’t a "buy and hold" play. It’s a timing-sensitive bet on NVDA’s ability to outperform Q1 2026 expectations. If you’re in, lock in tight stops. If you’re out, watch those $195 calls like a hawk—they could be the next big move.