NVDA Options Signal Bullish Bias: Key Strikes and Block Trades Point to Strategic Entry Zones

• NVDA trades at $187.96, down 0.14% with volume surging to 48.1M shares.
• Call open interest dominates (put/call ratio: 0.88), with heavy concentration at $192.5 and $195 strikes.
• Block trades show $7.7M call purchase at $175 strike (expiring Sept 19, 2025) and $2.97M put activity at $165 (June 2026).

Here’s the takeaway: Nvidia’s options market is painting a clear bullish picture, with institutional players stacking up on calls above $190 while hedging below $185. The technicals? They’re lining up with this narrative. Let’s break down why this could be a setup for upside momentum—and where to watch for cracks in the foundation.

Bullish Sentiment Locked in at Key Strikes

The options chain tells a story of conviction. For Friday expiration (Jan 2, 2026), 86,842 contracts are open at the $192.5 call, and 85,168 at $195—strikes that align with the upper Bollinger Band ($192.46). This isn’t random. Big money is pricing in a push toward $195+ before the close of Q1.

But don’t ignore the puts. The $185 strike ($300K open interest) acts as a de facto support level. If NVDA dips below $186.93 (intraday low), that put-heavy zone could trigger a rebound—or a test of the 30-day support at $180.74.

Block trades add fuel. The $7.7M NVDA20250919C175 call purchase (26,000 contracts) suggests a whale is banking on a September rally. Meanwhile, the $2.97M put trade at $165 (June 2026) hints at long-term hedging—less bearish than it sounds, given the call dominance.

No News, But the Market Has a Plan

The lack of recent headlines means fundamentals aren’t driving this move. Instead, it’s all about options positioning and technical flow. Think of it like a football game where the crowd starts chanting before the team scores—a self-fulfilling prophecy.

Investor perception? They’re leaning in. The RSI at 53.1 and MACD crossing above the signal line (0.69 vs -0.91) confirm momentum is building. But here’s the catch: If volume cools and the stock stalls below $181.87 (middle Bollinger Band), that bullish narrative could unravel fast.

Actionable Trades: Calls, Breakouts, and Precision Entries

For options players:

• NVDA20260102C192.5 (this Friday’s $192.5 call): High OI means liquidity and a potential catalyst if price closes above $192.5.
• NVDA20260109C195 (next Friday’s $195 call): A longer fuse for a breakout, ideal if the stock tests resistance.

For stock traders:

• Entry near $181.87 (middle Bollinger Band) if support holds. Target $192.5 first, then $195.
• Stop-loss below $180.74 (30-day support) to protect against a breakdown.

Bearish hedges? The NVDA20260102P185 put ($30K OI) offers downside protection if volatility spikes.

Bullish Trends Ahead: Positioning for a Volatile Start to 2026

The setup is clear: Options market sentiment, technical indicators, and block trades all align for a push above $190. But don’t take it for granted. Watch the $181.87 pivot point like a hawk—break above it, and the 200-day MA ($159.46) won’t stand a chance.

This isn’t a bet on a single news event. It’s a bet on the market’s collective belief that Nvidia’s rally isn’t done. And if history’s any guide, belief has a way of becoming reality.