NVDA options: $900M premium turnover into 2026-07-22; largest line NVDA260722C00207500 $138MNVDA 期权异动：期权成交额约 $900M，到期 2026-07-22，最大合约 NVDA260722C00207500 约 $138M
Options Flow Snapshot
On July 22, 2026, NVIDIA (NVDA) same-day expiration near-dated options saw concentrated trading activity: total volume reached 2,571,745 contracts, with total premium turnover of approximately $900 million. Call volume totaled 1,795,811 contracts (70% of total) while put volume hit 775,934 contracts, for a 2.31 call-to-put volume ratio. The largest single active contract was the $207.50 strike same-day expiration call option (ticker NVDA260722C00207500), with $138 million in premium turnover and 238,237 contracts traded. The ATM straddle implied price move was ~2.8%, average near-the-money call IV was 101.8%, average put IV was 116.4%, with a 14.6 percentage point put-call IV skew.
Signal Read-Through
This event reflects a downside skew signal (put IV exceeding call IV) paired with elevated call volume concentration. Total option premium turnover equaled 4.2% of the underlying stock's daily dollar volume, marking a high-liquidity options trading event that signals near-term price volatility pricing from market participants.
Fundamental and Event Cross-Check
Independent cross-verified signals include: 1) SEC filings submitted by NVIDIA on July 20 (SC 13G), June 30, and July 2 (8-Ks); 2) As of December 31, 2025, 6,131 institutional holders held 67.8% of NVDA's float, with a net increase of 422 holders from the prior period; 3) Analyst rating distribution has remained stable since June 1, 2026, with no material adjustments; 4) 2026 quarterly earnings reports consistently exceeded consensus EPS and revenue estimates. Recent insider transactions were all non-cash gift or award shares, with no large open market buy/sell activity.
Follow-Up Markers
This signal only reflects the same-day expiration options trading structure on July 22, 2026, and does not confirm the direction of trades (opening or closing positions) or a shift in long-term investment thesis. Follow-up items include monitoring NVIDIA's upcoming quarterly earnings report scheduled for July 26, 2026, and subsequent changes in options open interest.
期权成交结构
2026年7月22日，英伟达（NVDA）当日到期的近月期权市场出现集中交易：总成交量达2,571,745张合约，总权利金成交额约9.00亿美元。其中看涨期权成交量1,795,811张（占比70%），看跌期权775,934张，看涨看跌成交量比为2.31。当日最大单笔活跃合约为行权价207.50美元的当日到期看涨期权（代码NVDA260722C00207500），权利金成交额达1.38亿美元，成交量238,237张。当日ATM隐含波动幅度约2.8%，看涨期权平均隐含波动率101.8%，看跌期权平均隐含波动率116.4%，看跌看涨波动率价差达14.6个百分点。
信号含义
本次成交属于看跌期权隐含波动率高于看涨期权的下行偏斜信号，同时伴随显著的看涨期权成交集中度。总权利金成交额相当于当日股票成交额的4.2%，属于高流动性的期权交易事件，反映市场对英伟达短期价格波动的定价。
基本面与事件交叉验证
可交叉验证的独立信号包括：1）英伟达2026年7月20日提交的SC 13G持仓申报、6月30日及7月2日的8-K文件；2）截至2025年底，6131家机构持有英伟达67.8%的浮筹，较此前增加422家机构；3）自2026年6月1日以来，分析师评级分布无显著调整，维持稳定结构；4）2026年以来的季度财报均超出市场营收与EPS预期。近期董事交易均为无现金的礼品或奖励持股，无大额场内增减持行为。
后续关注
该信号仅反映2026年7月22日当日到期的近月期权成交结构，无法确认成交的交易方向（开仓或平仓），也不能证明长期投资逻辑的变化。后续需关注英伟达7月26日即将发布的季度财报数据，以及后续期权持仓的变化情况。
This analysis was generated by InvestLog AI based on SEC filings, Form 4 insider transactions, Form 144 planned-sale notices, 13F institutional holdings, analyst ratings, and market data. It is for informational purposes only and does not constitute investment advice.这篇研究由 InvestLog AI 基于 SEC 披露、Form 4 内部人交易、Form 144 计划减持、13F 机构持仓、分析师评级和市场数据生成。内容仅供参考，不构成投资建议。