NVIDIA's Options: A Look at What the Big Money is Thinking
Investors with a lot of money to spend have taken a bearish stance on NVIDIA (NASDAQ:NVDA).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with NVDA, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 169 uncommon options trades for NVIDIA.
This isn't normal.
The overall sentiment of these big-money traders is split between 37% bullish and 48%, bearish.
Out of all of the special options we uncovered, 44 are puts, for a total amount of $6,343,980, and 125 are calls, for a total amount of $21,998,829.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $100.0 to $310.0 for NVIDIA over the last 3 months.
Volume & Open Interest Trends
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for NVIDIA's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of NVIDIA's whale trades within a strike price range from $100.0 to $310.0 in the last 30 days.
NVIDIA Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NVDA | PUT | SWEEP | NEUTRAL | 08/15/25 | $2.91 | $2.89 | $2.9 | $165.00 | $1.8M | 16.6K | 10.2K |
| NVDA | PUT | SWEEP | BEARISH | 08/15/25 | $3.8 | $3.75 | $3.8 | $167.50 | $767.2K | 0 | 2.4K |
| NVDA | PUT | SWEEP | BEARISH | 01/16/26 | $58.25 | $58.2 | $58.25 | $230.00 | $704.7K | 15 | 134 |
| NVDA | PUT | SWEEP | BULLISH | 01/16/26 | $33.75 | $33.65 | $33.65 | $200.00 | $673.0K | 952 | 205 |
| NVDA | CALL | SWEEP | BEARISH | 09/19/25 | $63.65 | $63.4 | $63.4 | $110.00 | $361.8K | 15.0K | 58 |
About NVIDIA
Nvidia is a leading developer of graphics processing units. Traditionally, GPUs were used to enhance the experience on computing platforms, most notably in gaming applications on PCs. GPU use cases have since emerged as important semiconductors used in artificial intelligence. Nvidia not only offers AI GPUs, but also a software platform, Cuda, used for AI model development and training. Nvidia is also expanding its data center networking solutions, helping to tie GPUs together to handle complex workloads.
After a thorough review of the options trading surrounding NVIDIA, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of NVIDIA
- Currently trading with a volume of 51,543,942, the NVDA's price is up by 0.06%, now at $172.51.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 37 days.
Expert Opinions on NVIDIA
In the last month, 5 experts released ratings on this stock with an average target price of $205.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access.
* An analyst from Mizuho has decided to maintain their Outperform rating on NVIDIA, which currently sits at a price target of $185.
* Consistent in their evaluation, an analyst from Oppenheimer keeps a Outperform rating on NVIDIA with a target price of $200.
* An analyst from Loop Capital persists with their Buy rating on NVIDIA, maintaining a target price of $250.
* An analyst from Citigroup has decided to maintain their Buy rating on NVIDIA, which currently sits at a price target of $190.
* Maintaining their stance, an analyst from Needham continues to hold a Buy rating for NVIDIA, targeting a price of $200.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for NVIDIA, Benzinga Pro gives you real-time options trades alerts.
