Unusual Options Activity: $22M Bet on NVDA $180 Puts Expiring Jan 15, 2027
101,416 contracts traded vs. 57,279 open interest, about $21.9M in premium.
Traders bought or sold 101,416 NVDA $180 put contracts expiring Jan 15, 2027, about $21.9M in premium, against just 57,279 contracts of existing open interest (1.8× volume to open interest). That makes it one of the largest unusual options trades in the market in the latest session.
The strike is out of the money with NVDA at $229.28 (-0.5% on the day). Volume above open interest means new positions are being opened, which is why options traders watch these prints closely. Puts gain if the stock falls below the strike before expiration, though big prints can also be hedges.
Other unusual NVDA contracts
| Contract | Volume | Open int. | Premium |
|---|---|---|---|
| $160 Call · Oct 16 | 4,282 | 2,372 | $29.4M |
| $180 Put · Jan 15, 2027 | 101,416 | 57,279 | $21.9M |
| $207.5 Call · Oct 14 | 7,404 | 759 | $15.3M |
| $207.5 Call · Oct 16 | 6,312 | 869 | $14.1M |
| $232.5 Call · Oct 16 | 48,531 | 39,819 | $11.3M |
| $242.5 Put · Oct 14 | 8,696 | 663 | $11.3M |
Source: Nasdaq option chains (end-of-day volume and open interest), scanned by GTA Options Flow across the 160 most active U.S. stocks.
Written by the GTA Research Desk from GTA Terminal data. Not investment advice.
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