NVDA Options Signal Bullish Breakout: Calls at $190–$200 Dominate as AI Demand Surges

• Nvidia (NVDA) surges 7.6% on Amazon’s AWS AI-driven capex and strong demand for Blackwell GPUs.
• Call open interest crushes puts (ratio: 0.86) with heavy positioning at $190–$200 strikes ahead of Friday’s expiry.
• Block trades hint at institutional bullishness, including a $3M+ call block at $180 expiring Feb 13.

Here’s the takeaway: The options market and technicals are painting a clear picture—NVDA is primed for a breakout above $185, with call-heavy positioning and AI-driven fundamentals aligning for upside. But watch the $174.12 support level like a hawk.Bullish Sentiment Locked in Call Strangles

The options chain is a goldmine of insight. This Friday’s top OTM calls are stacked at $190 (OI: 83,047), $195 (50,164), and $200 (41,001), while puts max out at $170 (53,073) and $165 (46,505). That’s a textbook call/put imbalance—traders are betting big on a rally, not a crash. The put/call ratio of 0.86 (calls > puts) reinforces this, suggesting a risk-on mindset ahead of expiry.

But it’s not just retail traders jumping in. A $3.1M block trade at NVDA20260213C180 (Feb 13 $180 call) and a $2.8M block at NVDA20260213C182.5 signal institutional players are hedging or scaling up long positions. These moves, combined with heavy OI at $190–$200, imply a potential price target: if NVDA breaks above $185.08 (30D resistance), the next gravitational pull is toward $190–$195.

AI News Fuels the Fire

Amazon’s AWS reported a 24% revenue surge in Q4, with CEO Andy Jassy announcing a $200B 2026 capex plan—51% higher than 2025. That’s not just good news for Amazon; it’s a lifeline for Nvidia. AWS still relies heavily on Nvidia’s A100 GPUs, and the recent Blackwell partnership means a chunk of that $200B will flow to Nvidia. Throw in Wistron’s confirmation of rising AI orders and the SIA’s $1T chip sales forecast, and you’ve got a perfect storm for NVDA’s data-center revenue.

But here’s the catch: the market isn’t buying this on blind faith. The 7.6% intraday pop is partly mechanical—short covering and options gamma squeezes. If the price stalls below $185.08, the rally could fizzle. But if it holds, the $190–$200 calls become a self-fulfilling prophecy.

Actionable Trades for TodayOptions Play: Buy NVDA20260213C190 ($190 call, expiring Feb 13) and NVDA20260213C195 ($195 call). Why? The $190 strike has the highest open interest and is just 2.7% above the current price. If NVDA closes above $185.08 (30D resistance), these calls could see explosive gains. For a safer bet, sell the $185 put (NVDA20260213P185) to collect premium while hedging downside.Stock Play: Enter long near $185.01 if the price holds above the Bollinger Band lower bound ($174.12). Target $195 (aligns with 30D/200D moving average convergence) with a stop-loss at $174.60 (intraday low). If the stock dips below $174.12, consider a bearish put spread with NVDA20260213P170 and NVDA20260213P165 to capitalize on a potential short-term reversal.Volatility on the Horizon

The next 48 hours will be critical. If NVDA closes above $185.08, the $190–$200 calls become a magnet for momentum traders. But if it fails to hold, the $174.12 support could trigger a sell-off. Either way, the options market has already priced in a directional move—now it’s up to the fundamentals to deliver. For traders, this is a high-conviction setup: AI demand is real, but patience is key. Ride the wave, but don’t let emotion override your stop-loss.