Nvidia (NVDA) Options Signal Bullish Breakout Potential: Key Strike Levels and Trade Setups for Dec 23, 2025

• Nvidia surges 2.67% to $188.60, breaking above 30D and 100D moving averages.
• Options data shows heavy call open interest at $190 and $200 strikes, with a put/call ratio of 0.86 (bullish bias).
• Block trades highlight institutional bets on upside, including a 26,000-lot call purchase at $175.
• China H200 chip news and strong revenue growth underpin technical optimism.

The stock’s sharp rally and options positioning scream upside potential—but let’s dig into why this isn’t just noise.

Bullish Imbalance in Options and Whale Moves

The options market is painting a clear picture: traders are piling into calls. For this Friday’s expiration, $190 (OI: 62,493) and $200 (OI: 32,456) calls dominate, while puts at $160 (OI: 52,526) act as a floor. This suggests a target range of $190–$200 for a breakout, with downside risk capped near $160.

Block trades add intrigue. A 26,000-lot buy of NVDA20250919C175 (expiring Sept 19, 2025) shows big money is hedging or scaling up for a long-term play. Meanwhile, the $190 call for next Friday (Jan 2, 2026) has 44,224 open contracts—hinting at a potential multi-week rally.

News Flow: Catalysts and Caution

Nvidia’s push to ship H200 chips to China is a wildcard. If approved, this could supercharge demand for its AI processors, especially with Alibaba and ByteDance in the mix. But regulatory delays or geopolitical shifts could trip the stock.

Insider sales, like the $40M director exit, are profit-taking, not panic. The company’s 12-month revenue growth (114% YoY) and Bernstein’s bullish AI spending forecasts back the stock’s fundamentals. Still, watch for earnings surprises—Q1 data-center performance could sway sentiment.

Actionable Trade SetupsFor Options Traders:

• Aggressive Play: Buy NVDA20251226C190 (this Friday’s $190 call) if price breaks above $188.80. Target: $195.
• Balanced Spread: Buy NVDA20251226C190 and sell NVDA20251226C200 to cap risk. Max profit if NVDA hits $195–$200.
• Next-Week Play: Buy NVDA20260102C190 (Jan 2, 2026) for a longer runway if the H200 news breaks.

For Stock Traders:

• Entry Near $185 (support at 30D: 180.5–181.1). Target: $195 (Bollinger Upper Band). Stop-loss: $182 (intraday low).
• If Price Dips to $182, consider adding on weakness—Bollinger Bands suggest volatility could push it back up.

Volatility on the Horizon

The next 72 hours will test NVDA’s resolve. A close above $188.80 (intraday high) could trigger a rush to the $190–$200 call strikes. But if China approval stalls or earnings miss, the $180–$175 support zone (200D: 179.98–182.24) will be critical.

Bottom line: This is a high-conviction bullish setup, but don’t ignore the puts at $160. The options market isn’t screaming “buy the dip”—it’s betting on a breakout. Stay nimble, and let the data guide your next move.