OPTIONS FLOW$NVDANvidia CorpOpen ticker analysis →
A $1.66M large options trade hit $NVDA Nov 13 $220 calls on Friday, the kind of size that gets noticed on Nvidia's options tape. The contracts changed hands on the sell side, on a strike right around where the stock is trading.
What happened
The trade printed in the final half hour, around 4:00 p.m. ET on Friday, October 16, with $NVDA trading near $214.04. 2,767 contracts went through at $6.00 apiece, or $600 per contract, for $1.66M in total premium.
It went through as one large print rather than being worked in small pieces.
Only 2,713 contracts were open at this strike beforehand, so at least part of this is a fresh position rather than an old one being closed.
Why it matters
Selling calls usually means capping upside for income, often against shares already owned, or betting $NVDA stalls below about $226.00 into Nov 13.
Adjusted for delta, the position behaves like roughly 116,900 shares of NVDA, or about $25.03M of stock exposure in a company valued near $5.25T.
With 27 days until Nov 13, the trade has a few weeks to be right, enough room for a catalyst but not much for waiting. Implied volatility sat near 35%, a middle-of-the-road price for movement.
The numbers
| Contract | NVDA Nov 13 $220 Call |
|---|---|
| Expiration | Nov 13, 2026 (27 days) |
| Execution | Large Options Trade |
| Side | Sell side (at or near the bid) |
| Contracts | 2,767 |
| Price | $6.00 ($600 per contract) |
| Total premium | $1.66M |
| Stock at the trade | $214.04 |
| Strike vs. stock | At the money (2.8% above) |
| Breakeven at expiration | $226.00 |
| Delta | 0.42 |
| Implied volatility | 35% |
| Open interest before | 2,713 |
Three ways this could play out
Bullish continuation
If $NVDA pushes through $224.74, the pressure lands on this seller, and $226.00 becomes the level that decides whether the trade is saved.
Bearish rejection
If $NVDA slips under $203.34, the move works for this seller and the flow starts to look like early conviction rather than noise.
Neutral stabilization
If $NVDA chops between $203.34 and $224.74 into Nov 13, time decay does the work. That quietly pays this seller.
What to watch next
- $226.00: breakeven for this trade at expiration.
- $220 strike: whether $NVDA moves toward it or away from it.
- Open interest at the $220 call in the next session. A jump confirms a new position; a drop points to a close.
- Repeat flow in the Nov 13 expiration. More size at nearby strikes would show this was not a one-off.
- November 13, 2026: expiration, 27 days out.
