Nvidia (NVDA) Options Signal Bullish Breakout: Key Strikes and Trade Setups for 2026

• Nvidia’s stock surges 1.45% to $189.20, breaking above 30D support/resistance clusters. • Call open interest dominates at $195 and $190 strikes, with a put/call ratio of 0.88 (calls > puts). • Block trades show big money buying $175 calls and $160 puts ahead of key regulatory and product milestones.

Here’s the deal: Nvidia’s options market is screaming bullish, but there’s a tightrope walk between momentum and risk. Let’s break it down.

Where Big Money Is Betting: Calls at $195, Puts at $185

Take a look at the OTM call options—87,621 contracts at $195 and 78,220 at $190 (this Friday’s expiry). That’s not just noise; it’s a wall of money betting on a $190+ close. The histogram on MACD (1.23) and RSI (53.16) back this up: NVDA is in a short-term bullish sprint. But don’t ignore the puts. $185 puts have 34,291 OI, hinting some hedgers are bracing for a pullback. The block trade at NVDA20260116P160 (1,250 puts) adds to that tension—could a $180 support test be in play if the EU blocks the Arm deal?

News That Could Supercharge or Sabotage the Bull Run

Nvidia’s Q4 revenue crush ($18.5B) and the H200 chip launch are fueling this rally. The Arm acquisition? A double-edged sword. If approved, it’s a $40B growth engine. If blocked? Watch the $185–$180 support zone tremble. Lisa Su’s COO appointment and the $10B buyback are long-term positives, but today’s traders are focused on the H100-Azure partnership and Q1 guidance ($20B). Retailers and cloud providers are already buying the story—will the EU’s antitrust probe sour sentiment before the $195 call wall expires?

Actionable Trades: Calls, Puts, and Price Levels to Watch

1. Call Play: Buy NVDA20260109C195 (next Friday expiry) if NVDA closes above $192.50 today. Why? The Bollinger Upper Band is at $193.50—breaking that could trigger a stampede to $200. Entry: $192.50–$193.50. Target: $195–$200. Stop-loss: $188.26 (intraday low).
2. Stock Play: Consider entry near $188.26 if support holds. Target $195 if the $192.50 level (Bollinger Band) holds.
3. Bearish Hedge: Buy NVDA20260109P185 if NVDA dips below $182.50. The 200D support ($179.98) is a critical line—breaking that could force a reevaluation of the $160 block trade (17,375 OI at $160 puts next Friday).

Volatility on the Horizon: Balancing Bullish Momentum and Regulatory Risk

The next 72 hours are pivotal. A green light on the Arm deal and strong Azure/H100 adoption could push NVDA toward $200. But a red flag from the EU or a stumble in Q1 guidance might trigger a test of $180.73 (30D support). The options market isn’t just betting on a rally—it’s pricing in a high-stakes poker game between innovation and regulation. Stay nimble, and keep an eye on the $195 call wall: if it melts, the bulls win. If it falters, the puts at $185 could become a lifeline.