NVDA Options Chain Analysis

As of previous close (2026-10-05) · OPRA historical data

Spot $239.45 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.88

6.8M P / 7.7M C

Put/Call (Volume)

0.70

1.7M P / 2.4M C that session

30d ATM IV

29%

annualized implied move

Call wall

$250

451k contracts

Put wall

$150

412k contracts

Tail hedging

2.6×

deep-OTM puts vs calls

What the positioning says

●Call wall at $250 (451k contracts), 4% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $150 (412k contracts), 37% below spot — the hedge floor; often acts as support.
●Deep-OTM put open interest is 2.6× deep-OTM call OI — an institutional hedging ladder sits under this stock.

Open interest by strike

All expiries combined. Amber lines mark the call and put walls; the dashed line is spot.

IV term structure

At-the-money implied volatility per expiry.

Volatility smile

IV by strike — expiry 2026-11-06. A steep left side = expensive downside protection.

30-day implied volatility history

Daily ATM IV (~30 DTE bucket) collected since March 2026. Rising IV into an event = the market bracing; collapsing IV after = the crush.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-10-07	59k	42k	0.70	561k
2026-10-09	342k	357k	1.04	713k
2026-10-12	13k	8k	0.60	68k
2026-10-14	6k	3k	0.54	20k
2026-10-16	925k	634k	0.69	313k
2026-10-19	0	0	—	5k
2026-10-23	80k	69k	0.87	62k
2026-10-30	95k	51k	0.54	55k
2026-11-06	34k	20k	0.58	33k
2026-11-13	7k	3k	0.46	20k
2026-11-20	728k	460k	0.63	120k
2026-12-18	1.3M	1.2M	0.98	85k
2027-01-15	1.5M	1.3M	0.93	103k
2027-02-19	93k	105k	1.13	12k
2027-03-19	437k	386k	0.88	21k
2027-04-16	19k	30k	1.59	8k
2027-06-17	474k	635k	1.34	20k
2027-09-17	123k	142k	1.16	13k
2027-12-17	410k	402k	0.98	12k
2028-01-21	585k	342k	0.58	9k
2028-06-16	87k	108k	1.24	3k
2028-12-15	347k	256k	0.74	11k
2029-01-19	28k	10k	0.35	6k

Source: Cboe end-of-session option chains, summarized after each US market close and published from the following trading day — OPRA historical data. Under the OPRA plan options data becomes historical, and freely publishable, at the opening of the next trading session; data from the session in progress is never displayed or served here. Open interest is exchange-reported once a day. Research, not investment advice.