Nvidia (NVDA) Options Signal $190 Bull Call Play Amid AI Megatrend Catalysts

• Nvidia’s options market shows heavy call open interest at $190 and $220 strikes ahead of Friday’s expiry.
• Record $25.5B quarterly revenue and a $40B Arm acquisition are fueling bullish sentiment.
• Block trades suggest institutional conviction in AI-driven growth, but $179.68 support is critical.

Here’s the core insight: Nvidia’s stock is primed for an upside breakout. The options data, technicals, and news flow all point to a high-probability trade setup with clear entry and exit levels. Let’s break it down.

Bull Call Dominance at $190–$220, With Institutional Block Buys Signaling Conviction

The options chain is telling a clear story. For this Friday’s expiry, NVDA20251226C190 (66,176 open interest) and NVDA20251226C220 (28,607 OI) are the most watched calls. These strikes suggest traders are pricing in a 6.4%–20% move above current levels. Meanwhile, puts at $160 (52,435 OI) act as a floor for downside risk. The put/call ratio of 0.87 (favoring calls) reinforces the bullish tilt.

But it’s the block trades that catch the eye. A 26,000-lot buy of NVDA20250919C175 (over $7.6M in turnover) and a 2,000-lot call at NVDA20251017C175 signal big money positioning for a rally. These trades, combined with the Arm acquisition news, hint at long-term conviction in Nvidia’s AI dominance.

AI Megatrend Fueling Earnings-Driven Bullishness—News Aligns With Call OI Surge

The news flow is a tailwind. Record $25.5B quarterly revenue, a $40B Arm acquisition, and a $10B buyback program are all catalysts for sustained momentum. The Arm deal alone could unlock end-to-end AI solutions, while partnerships with Microsoft and BMW expand Nvidia’s ecosystem. Analysts like JPMorgan’s Joe Foresi ($1,200 price target) and Bank of America ($1,150) are doubling down on this narrative.

Yet, risks exist. Export restrictions to China and regulatory hurdles for the Arm deal could create volatility. But given the current options flow and institutional buying, these seem like manageable headwinds for a stock trading at all-time highs.

Strategic Entry at $182.35 With $190–$195 Targets—Options Playbook Revealed

For stock traders: Consider entry near $182.35 (intraday low) if the 30D support of $180.50 holds. A breakout above $184.0 (Bollinger Upper Band) would target $190–$195. Stop-loss below $179.68 (middle Bollinger Band) would protect against a pullback.

For options: NVDA20251226C190 (this Friday) offers a high-conviction play if the stock closes above $190. For a longer-term bet, NVDA20260102C190 (next Friday) could capitalize on Arm acquisition-driven momentum. Both strikes align with the call-heavy OI and news-driven optimism.

Volatility on the Horizon—Arm Acquisition and AI Demand to Drive Next-Phase Moves

Nvidia’s trajectory is a textbook case of megatrend-driven growth. The options market is pricing in a $190+ move, and the fundamentals justify it. But don’t ignore the $179.68 support level—break below that, and the 200D MA at $157.56 becomes a concern. For now, the bull case is strong, and the tools are there to play it. Whether you go long the stock or the calls, the key is to act decisively before Friday’s expiry tightens the odds.