Nvidia (NVDA) Options Signal Bullish Momentum: Key Strike Levels and Block Trades Point to $200+ Upside Potential

• NVDA trading at $185.83, up 0.43% with 100M+ volume
• Options data shows 68% more call open interest than puts
• Massive block trades at $190 call/put strikes hint at institutional positioning
• Bollinger Bands suggest $171.76 support and $195.49 resistance

Here's what I'm seeing: Options market sentiment and technicals are painting a clear picture. With calls dominating open interest at the $200 strike and block trades amplifying positioning, NVDA could be primed for a breakout. The RSI at 70.30 suggests near-overbought territory, but the 200D MA at $161.87 still anchors the long-term bullish case.

Bullish Pressure at $200 Strike, Bearish Caution Below $180

The options chain tells a story of asymmetric positioning. For Friday's expirations, the $200 call has 103,004 open contracts—the most of any strike. Next Friday's $200 call jumps to 160,848 OI, showing sustained conviction. This isn't just retail frenzy: block trades like the NVDA20260320C190 ($3.08M turnover) and NVDA20260320P170 ($1.8M buy) suggest big players are hedging or scaling positions.

But don't ignore the puts. The $180 strike has 33,576 OI this week, and the $100 put (100,938 OI) for next Friday is a red flag. If NVDA dips below the 30D support at $180.74, those puts could create a self-fulfilling panic. Think of it like a dam holding back water—the $180 level is the weakest point in the structure.

No News, But Options Are the Message

The lack of recent headlines means fundamentals aren't driving this move. Instead, the options market is the story. When there's no news, options positioning becomes the purest expression of market psychology. The 0.87 put/call ratio (calls dominate) shows investors are pricing in a rally, not a correction. But remember: without earnings or product announcements to justify the move, this could be a momentum play more than a fundamental bet.

3 Specific Trades to Consider Today

1. Options Play: Buy the NVDA20260116C200 (next Friday's $200 call). Why? The RSI is near overbought, but the MACD histogram at 0.43 suggests momentum isn't fading. If NVDA breaks above the Bollinger Upper Band ($195.49), this strike could catch a wave. Risk? If price stalls below $190, consider cutting.

1. Stock Play: Buy NVDA near $183.62 (middle Bollinger Band) with a stop just below $180.74 support. Target: $190 first, then $195.49. The 100D MA at $183.25 acts as a floor—this is where the "smart money" is likely accumulating.

1. Hedge Play: Buy the NVDA20260116P180 put for next Friday. It's the second-most active put strike and offers protection if the $180 support fails. Pair this with your long call for a synthetic straddle if you're feeling adventurous.

Volatility on the Horizon: Positioning for a Breakout or Reversal

The next 72 hours will be telling. If NVDA holds above $185 and the $200 calls see increased buying, we could see a parabolic move toward $210. But watch that $180 level like a hawk—if it breaks, the 200D MA at $161.87 becomes the new battleground. This is a stock at a crossroads: long-term bulls vs short-term bears, with options positioning heavily favoring the former. Either way, the options market has already priced in a binary outcome—your job is to pick the direction.