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

• Options data shows heavy call open interest at $190 and $185, with a put/call ratio of 0.88 hinting at near-term bullish momentum.
• Block trades reveal a 26,000-lot call buy at $175 ahead of September 2025 expiration, signaling institutional confidence.
• Nvidia’s recent political wins on AI chip exports align with options flow, reinforcing near-term upside potential.

Here’s the takeaway: Nvidia’s options market is pricing in a strong push above $185 this week, with technical indicators and recent news amplifying the case for a breakout. Let’s break down why this matters for traders today.

What the Options Chain Reveals About Market Sentiment

The options market isn’t whispering—it’s shouting. For Friday’s expiring contracts, calls at $190 ($OI: 133,137) and $185 ($OI: 119,431) dominate, while puts at $160 ($OI: 51,431) trail far behind. This imbalance suggests traders are hedging against a rally, not a crash. The put/call ratio of 0.88 (favoring calls) reinforces this bias, even as the RSI (36.4) hints the stock might be oversold.

But don’t ignore the risks. The Bollinger Bands show NVDA is trading near the lower band ($172.55), and the MACD histogram (-0.82) remains negative. A breakdown below the 200D MA ($154.30) could trigger panic, but the 30D MA ($188.88) sits just above current levels. Key support/resistance clusters ($182.50–$186.61) will be critical this week.

Block trades add intrigue. A 26,000-lot call buy at $175 (NVDA20250919C175) in late November suggests big players are locking in upside potential ahead of Q4 earnings. Pair that with the heavy call OI at $190, and it’s clear: smart money is positioning for a push above $185.

How Recent News Fuels the Bull Case

Nvidia’s political maneuvering just paid off. By backing federal AI regulation over state-level restrictions, CEO Jensen Huang helped sideline the GAIN AI Act, which would’ve limited chip sales to China. This victory removes a near-term overhang and aligns with the options market’s bullish tilt. Trump’s public praise of Huang further solidifies regulatory clarity—a win for investor confidence.

But here’s the twist: the stock isn’t just reacting to policy. The recent $180.29 price (up 0.4% from $179.58) suggests buyers are stepping in as the stock tests key support levels. If the rally in AI adoption (and Nvidia’s dominance in that space) continues, the options market’s call-heavy positioning could prove prescient.

Actionable Trade Ideas for Today

For options traders, the most compelling setup is buying calls at $185 (NVDA20251212C185) or $190 (NVDA20251212C190) expiring next Friday. These strikes align with heavy open interest and the 30D MA. A breakout above $185 would validate the bullish case, with $190 as the next target. Risk: If NVDA closes below $179.98 (200D support), these calls could expire worthless.

For stock traders, consider entry near $182.50 (lower Bollinger Band) with a stop just below $179.98. The reward? A move toward $190 (current upper Bollinger Band) or even $198.16 (upper band). Use the 30D MA ($188.88) as a dynamic target. Hedgers might sell puts at $175 (NVDA20251212P175) to collect premium while capping downside risk.

Volatility on the Horizon

The coming days will test Nvidia’s resolve. A close above $185 would signal a shift from ranging to bullish momentum, while a drop below $179.98 could reignite bearish bets. The options market is pricing for a $190+ finish by December 12, and with block trades and news aligning, this could be a pivotal week. Stay nimble—this stock isn’t done moving.