NVDA options: $1.1B premium turnover into 2026-07-24; largest line NVDA260918C00190000 $234MNVDA 期权异动：期权成交额约 $1.1B，到期 2026-07-24，最大合约 NVDA260918C00190000 约 $234M
Options Flow Snapshot
On July 23, 2026, NVIDIA (NVDA) underlying stock closed at $212.04, with listed options seeing total volume of 1,838,633 contracts and total premium turnover of ~$1.1B, equal to 4.0% of the underlying stock’s daily dollar volume. The nearest expiration was July 24, 2026, with an at-the-money (ATM) implied price move of 2.6%. The most active contract was NVDA260918C00190000: a September 18, 2026 call option with a $190 strike, posting $234M in premium turnover and 80,672 contracts traded. Average near-the-money call implied volatility (IV) was 57.1%, average put IV was 44.7%, creating a -12.3 percentage point call/put IV skew, with a call/put volume ratio of 2.32.
Signal Read-Through
This is a concentrated call option positioning signal, defined by three key traits: large notional trading in a far-dated call contract, positive call/put IV skew (higher call IV than put IV), and elevated option premium turnover relative to stock volume. The signal reflects elevated market focus on upside price pricing for NVIDIA.
Fundamental and Event Cross-Check
Independent validated signals for cross-reference include: 1) As of June 1, 2026, analyst ratings remained consistent bullish, with 10 strong buy, 49 buy, 2 hold, and 1 sell rating; 2) The December 31, 2025 13F filing showed 6,131 institutional holders holding 67.8% of NVDA’s float, with thousands of institutional positions adjusted in the prior period; 3) Recent Form 4 filings showed only stock awards or gifts to directors, with no open-market insider sales, eliminating immediate insider selling risk as a confounding factor. July 22, 2026 headlines are provided as background context only, not direct drivers of the observed options flow.
Follow-Up Markers
This signal does not confirm directional price movement for NVDA, does not verify the holding intent or near-term closing behavior of the large call option positions, and does not reflect institutional positioning changes after December 31, 2025. Follow-up items to monitor include: 1) NVIDIA’s quarterly earnings report scheduled for August 26, 2026; 2) Subsequent daily options flow data for NVDA; 3) New SEC filings related to insider transactions or institutional holdings.
期权成交结构
2026年7月23日，英伟达(NVDA)的场内标的股价报212.04美元，期权总成交量达1,838,633张合约，总权利金成交额约11亿美元，相当于当日股票成交额的4.0%。最近到期日为2026年7月24日，平价期权(ATM)隐含波动幅度为2.6%。最活跃的合约为NVDA260918C00190000，即2026年9月18日到期、行权价190美元的看涨期权，权利金成交额达2.34亿美元，成交量80,672张。近价看涨期权平均隐含波动率(IV)为57.1%，看跌期权平均IV为44.7%，看涨看跌IV价差为-12.3个百分点，看涨看跌成交量比率为2.32。
信号含义
本次信号属于成交量集中的看涨期权持仓信号，核心特征包括：远月大额看涨期权的高权利金成交，看涨期权隐含波动率显著高于看跌期权（正向skew），以及整体期权成交额占股票成交额的比例较高，反映市场对英伟达股价的上行定价关注度提升。
基本面与事件交叉验证
交叉验证的独立信号包括：1) 2026年6月1日的分析师评级分布显示，10家机构给予强力买入评级、49家给予买入评级，仅2家持有、1家卖出，维持一致的看多共识；2) 2025年12月31日的13F报告显示，英伟达浮仓的机构持股比例达67.8%，共有6131家机构持有者，近期有数千家机构调整持仓；3) 近期Form 4内幕交易文件均为董事的股票奖励或赠与，无公开市场买卖行为，未显示内幕减持信号。2026年7月22日的相关新闻仅作为市场背景参考，未直接影响当日期权成交数据。
后续关注
该信号无法证明英伟达股价将出现定向波动，无法确认大额看涨期权持仓的持有意图或到期前的平仓行为，也未涵盖2025年第四季度之后的机构持仓变化。后续需关注：1) 2026年8月26日的英伟达季度财报数据；2) 后续交易日的期权成交变化；3) 新增的SEC内幕交易或机构持仓备案文件。
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。