OPTIONS FLOW$NVDANvidia CorpOpen ticker analysis →
A $150.15M large options trade hit $NVDA Oct 16 $180 calls on Friday, the kind of size that gets noticed on Nvidia's options tape. The contracts changed hands on the sell side, and the strike sits deep in the money, so the position tracks the stock almost dollar for dollar.
What happened
The trade printed in the afternoon, around 3:25 p.m. ET on Friday, October 9, with $NVDA trading near $229.88. 30,000 contracts went through at $50.05 apiece, or $5,005 per contract, for $150.15M in total premium.
It printed as a cross, with a buyer and seller matched in one pre-arranged print, a common way for large desks to trade size.
There were already 93,552 contracts open at this strike, so the trade could be adding to a position or unwinding one. The next open-interest update will settle which.
Why it matters
Selling calls usually means capping upside for income, often against shares already owned, or betting $NVDA stalls below about $230.05 into Oct 16.
Adjusted for delta, the position behaves like roughly 2,969,500 shares of NVDA, or about $682.63M of stock exposure in a company valued near $5.57T.
With 7 days until Oct 16, this is a bet on the next few sessions, not the next few months. Implied volatility ran around 78%, elevated, which means traders are paying up for movement.
Over the last 12 sessions $NVDA has traded between $221.09 and $243.37 and is up 2.5% over that stretch. The stock came into this trade in the middle of that range.
The numbers
| Contract | NVDA Oct 16 $180 Call |
|---|---|
| Expiration | Oct 16, 2026 (7 days) |
| Execution | Large Options Trade |
| Side | Sell side (at or near the bid) |
| Contracts | 30,000 |
| Price | $50.05 ($5,005 per contract) |
| Total premium | $150.15M |
| Stock at the trade | $229.88 |
| Strike vs. stock | 21.7% in the money |
| Breakeven at expiration | $230.05 |
| Delta | 0.99 |
| Implied volatility | 78% |
| Open interest before | 93,552 |
Three ways this could play out
Bullish continuation
If $NVDA pushes through $243.37, the top of its recent range, the pressure lands on this seller, and $230.05 becomes the level that decides whether the trade is saved.
Bearish rejection
If $NVDA slips under $221.09, the bottom of its recent range, the move works for this seller and the flow starts to look like early conviction rather than noise.
Neutral stabilization
If $NVDA chops between $221.09 and $243.37 into Oct 16, time decay does the work. That quietly pays this seller.
What to watch next
- $230.05: breakeven for this trade at expiration.
- $180 strike: whether $NVDA moves toward it or away from it.
- Open interest at the $180 call in the next session. A jump confirms a new position; a drop points to a close.
- Repeat flow in the Oct 16 expiration. More size at nearby strikes would show this was not a one-off.
- $221.09 and $243.37: the edges of NVDA’s recent trading range.
- October 16, 2026: expiration, 7 days out.
