A series of large call option sweeps for NVIDIA (NVDA) with a January 15, 2027 expiration date hit the tape today. The trades expire in about a year and 5 months. The strikes targeted include $150, $175, and $210, with NVDA’s spot price around $182.20–$182.50 at the time of execution. The trades are all ask-side buys, signaling immediate price accepting behavior.
Notably, the $175 strike dominates activity, with multiple sweeps at a premium of $42.80 per contract. This contract saw a total of $14.2M in inflow with the largest single sweep recorded at $3.2M. With an open interest (OI) of 9,980 contracts and daily volume (VOL) of 4,860 contracts at the time of these trades, this yields a V/OI ratio near 0.49. Such a ratio is meaningful considering the size.
The $150 strike call saw a sweep worth $3.6M, with a smaller daily volume of 2,404 contracts. Compared to the open interest of 19,290, this yields a V/OI of ~0.12. Meanwhile, the $210 strike call printed the largest single notional transaction. That trade consisted of $5.6M in premium for 2,000 contracts which traded against 17,362 OI (V/OI ~0.12).
Volume and Open Interest Data
Taking a closer look at NVIDIA’s January 15, 2027 $175 Call (NVDA 175C 01/15/2027), a large spike in daily volume was recorded. On Aug 18th, 5,060 contracts traded hands compared to a relatively stable open interest (OI) of about 9,980 contracts. In contrast, the prior days (Aug 14th and 15th) saw very low volumes (18 and 101 contracts, respectively), showing muted activity until this large block hit the tape.
The contract price has been steady around $41–$42.75, with implied volatility holding near 40–41%, reinforcing that the notable change was primarily in volume, not pricing. Overall, this pattern signals that institutional-sized trading interest hit the $175 strike.
Trade Side Distribution
The trade side distribution for NVDA 175C 01/15/2027 shows an interesting skew. The majority of volume was executed at the ask ($14.3M, 69%), while the remaining portion at the mid ($6.3M, 31%). Notably, there were no trades at the bid, below, or above, indicating little to no selling pressure and that buyers were willing to pay premium prices to secure these contracts.
What’s Happening with NVDA
NVIDIA is set to report its next quarterly earnings after market close on August 27, 2025, providing an update on performance across key growth areas including its AI and data center businesses. Notably, Morgan Stanley maintains a bullish stance on Nvidia ahead of the highly anticipated report.
Nvidia (NVDA) has also recently made headlines following a high-profile agreement with the Trump administration concerning its AI chip exports to China. Amid ongoing US-China tech tensions, Nvidia secured permission to resume sales of its H20 chips to Chinese customers, but only after negotiations in which CEO Jensen Huang and President Trump settled on a deal for Nvidia to pay the US government 15% of every dollar earned from these sales. This setup—framed as a voluntary payment rather than a tax or tariff—also applies to competitor AMD. Fundamentally, the agreement enables both firms to acquire vital export licenses for the Chinese market.
About NVDA
NVIDIA Corporation (NVDA) is a leading technology company known for designing and manufacturing high-performance graphics processing units (GPUs). These GPUs are primarily used in gaming, professional visualization, data centers, and automotive markets. Founded in 1993, NVIDIA revolutionized computer graphics with its invention of the GPU and has since become a key player in the artificial intelligence (AI) space.
Its GPU architectures, such as the GeForce, Quadro, and most recently the Hopper and Grace platforms, power everything from advanced video games to deep learning systems, AI model training, and autonomous vehicle technologies. NVIDIA also provides software platforms like CUDA and AI-focused solutions for industries ranging from healthcare to robotics.
Analyst Ratings
| Firm | Rating/Stars | Updated Date |
|---|---|---|
| CFRA | ★★★★★ | 08/12/2025 |
| Market Edge | Long | 05/16/2025 |
| Argus | खरीदना | 05/29/2025 |
| Morningstar | ★★★ | 08/11/2025 |
| LSEG | Outperform | 08/10/2025 |
| Schwab Equity Ratings | B | 08/11/2025 |
Analyst ratings for NVDA show a generally bullish consensus among major research firms. CFRA gives the highest rating with ★★★★★, while Market Edge rates it as Long and Argus issues a Buy. Morningstar provides a solid ★★★ rating, indicating a positive but more measured stance. LSEG assigns an Outperform, reflecting confidence in NVDA’s future performance.
Meanwhile, Schwab Equity Ratings gives it a B, suggesting above-average expectations. Overall, the majority of ratings lean toward strong buy or outperform, with no current outright sell recommendations from these firms.
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Disclaimer: Options trading involves significant risk and is not suitable for all investors. You may lose the entire investment, and certain strategies may result in losses exceeding the initial amount invested. Past performance does not guarantee future results. This content is for informational purposes only and should not be considered investment advice. Always consult a financial or tax advisor before making investment decisions.
