NVIDIA Options Traders Load Up on Near-Term Calls While a Big Put Bet Looms for 2027

By TrendSpider Editor

NVIDIA Corporation is drawing significant attention in the options market on Tuesday, with six unusual contracts totaling $2.54 million in combined premium flagged today. The bulk of the flow is tilted toward calls, with traders targeting strikes between $202.50 and $215 on a stock currently trading

NVIDIA Options Traders Load Up on Near-Term Calls While a Big Put Bet Looms for 2027

NVIDIA Corporation is drawing significant attention in the options market on Tuesday, with six unusual contracts totaling $2.54 million in combined premium flagged today. The bulk of the flow is tilted toward calls, with traders targeting strikes between $202.50 and $215 on a stock currently trading at $196.92, suggesting bets on a near-term breakout. NVDA sits in the lower half of its 52-week range of $164.07 to $236.54, leaving meaningful room to the upside if momentum accelerates.

Key Drivers of the NVDA Stock Move

NVIDIA's stock has barely budged today, up just 0.21%, but the options flow tells a more active story beneath the surface. The concentration of near-term calls expiring this week and in August points to traders positioning for a catalyst in the weeks ahead. NVIDIA's next earnings report is a natural focal point, as the company continues to be at the center of the global AI infrastructure buildout. With shares still roughly 17% below the 52-week high of $236.54, call buyers at the $202.50 to $215 range are targeting a recovery toward those prior peaks. The outsized March 2027 put could reflect portfolio hedging from an institution with significant long exposure, rather than an outright directional short.

NVDA Unusual Options Activity

Total unusual contracts flagged: 6. Total combined premium: $2,544,745.60. The flow skews bullish with five calls against one put. The two near-term $202.50 calls expiring tomorrow collectively saw 3,850 contracts trade, making that strike the most active level in today's unusual activity.

NVDA Seasonality

Late July has historically been an active period for NVIDIA options traders as the market positions ahead of the company's fiscal second-quarter earnings, which typically fall in late August. Near-term call accumulation in this window has often reflected anticipation of an earnings-driven move to the upside.

NVDA Relative Performance

NVDA is up 0.21% on the session today, a notably muted move for a stock that has historically exhibited elevated daily volatility. Trading at $196.92, NVDA remains approximately 16.8% below its 52-week high of $236.54 but is 20% above its 52-week low of $164.07, placing it in a mid-range recovery posture heading into the second half of summer.

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