Nvidia (NVDA) Options Signal $192.5 Bull Call Play Amid AI Mega-Deal Hype

• Nvidia surges 1.76% to $191.94, with call options at the $192.5 strike dominating open interest.
• Put/call ratio hits 0.86, showing bullish bias as $20B Groq acquisition fuels AI optimism.
• Block trades show 26,000 calls bought at $175 strike, hinting at institutional positioning for a breakout.

The market is clearly leaning in on Nvidia’s AI-driven momentum. With options data showing heavy call buying at key strike levels and a blockbuster acquisition in the rearview, today’s $191.94 price action feels like a springboard—not a peak. Let’s break down why this is a setup to watch.

Bull Call Pressure at $192.5 and Institutional Moves

Options traders are stacking up calls like building blocks. The $192.5 strike (NVDA20260102C1925) has 71,743 open contracts for next Friday’s expiry, while the $195 and $200 strikes trail closely. This isn’t just retail frenzy—block trades like the 26,000-call buy at $175 (NVDA20250919C175) show big money is hedging a breakout above key resistance.

But don’t ignore the puts. While bearish sentiment is muted (put OI peaks at $160), the $185 put (NVDA20260116P185) has 16,752 open contracts. That’s a soft floor—prices below $180.54 support could trigger a test of those puts.

Groq Deal and AI Projections Fuel the Fire

Nvidia’s $20B Groq acquisition isn’t just a headline—it’s a strategic move to dominate AI inference. The deal’s timing? Perfect. With analysts projecting $491/share by 2030 if AI adoption stays on track, today’s options activity lines up with long-term bullish bets.

But here’s the catch: The market’s already priced in most of this optimism. If data center growth slows or Groq integration stumbles, the bear case ($38/share by 2030) could haunt overextended calls. For now, though, the narrative is all about scaling the next wall.

Trade Ideas: Calls for Catalysts, Stock for Breakouts

• Options Play: Buy the $192.5 call (NVDA20260102C1925) expiring Jan 2. With OI at 71,743, this strike is the crowd favorite. Target a $195 close by expiry—bold move if the $192.29 intraday high holds.
• Stock Play: Enter near $191.94 with a stop-loss below $180.54 support. First target: $195 (30D resistance), then $200 (call-heavy zone).

Volatility on the Horizon

Nvidia’s story isn’t just about today’s price—it’s about tomorrow’s AI dominance. The options market is pricing in a $200+ future, but that requires holding the line above $180.54. If the stock dips below that, the puts at $185 could stabilize things. For now, though, this is a bull call’s playground.

Bottom line: The data, the news, and the options all point to one direction. But as with any high-stakes game, know your exit before you commit.