NVDA options: $623M premium turnover into 2026-08-12; largest line NVDA281215C00200000 $20MNVDA 期权异动：期权成交额约 $623M，到期 2026-08-12，最大合约 NVDA281215C00200000 约 $20M
Options Flow Snapshot
On August 11, 2026, NVIDIA (NVDA) listed options saw elevated activity: total volume hit 1,360,793 contracts, with total premium turnover of $623.3 million, equal to 2.7% of the underlying stock’s daily dollar volume. The largest single active contract was the $200 strike call option expiring December 15, 2028 (ticker NVDA281215C00200000), with $20 million in premium turnover. The nearest-term expiration (August 12, 2026) ATM straddle implied a 2.2% price swing, average call IV was 57.0% vs 37.9% for puts (19.1pp skew), and the call-to-put volume ratio was 1.80.
Signal Read-Through
This event combines two key options market signals: concentrated volume (large single call contract) and upside volatility skew (call IV well above put IV). The elevated near-term implied move signals market pricing for a ~2.2% price swing by the August 12 expiration, while the call-heavy volume and IV skew point to net bullish positioning among options traders.
Fundamental and Event Cross-Check
Per public filings, as of December 31, 2025, institutional holders accounted for 67.8% of NVDA’s float, with 3,008 institutions adding positions and 2,415 trimming holdings in the prior quarter. NVIDIA beat Q1 2026 EPS and revenue estimates on May 20, 2026, with EPS beating by 6.25% and revenue beating by ~4.1%. Recent Form 4 SEC filings show only non-monetary director gifts and stock awards, with no open-market insider buys or sells, so no meaningful insider positioning signal is present here. On August 10, 2026, NVDA stock fell 2.86% ahead of this options activity, which ranked as the 2nd-largest options flow event for semiconductor stocks across the prior three trading days.
Follow-Up Markers
1. Near-term (August 12 expiration) option open interest and trading volume leading up to expiration; 2. Q2 2026 earnings results due August 26, 2026; 3. Subsequent institutional holding updates. This signal does not confirm that the underlying stock will move in line with the implied volatility range, nor does it clarify whether the large option trades were opening new positions or closing existing ones.
期权成交结构
2026年8月11日，英伟达（NVDA）场内期权出现大额成交活动：总成交量达1,360,793张合约，总权利金成交额约6.23亿美元，相当于当日标的股票成交额的2.7%。其中最大单笔活跃合约为2028年12月15日到期、行权价200美元的看涨期权（代码NVDA281215C00200000），权利金成交额约2000万美元。当日近月（8月12日到期）平值期权隐含价格波动约2.2%，看涨期权平均隐含波动率（57.0%）较看跌期权（37.9%）高出19.1个百分点，看涨看跌成交量比率约1.80。
信号含义
本次信号同时包含成交集中度与上行波动偏斜特征：大额单一看涨期权合约体现成交集中，看涨期权隐含波动率显著高于看跌期权则反映市场对英伟达股价上行的定价更强，近月平值隐含波动显示市场预期8月12日前股价将出现约2.2%的波动幅度，看涨看跌成交量比率也偏向多头持仓。
基本面与事件交叉验证
结合公开数据来看，截至2025年12月31日，英伟达机构持仓占浮筹67.8%，共有6131家机构持有者，上一季度有3008家机构加仓、2415家减仓；2026年5月20日发布的2026年Q1财报中，EPS和营收均超出市场预期。近期披露的Form 4文件显示，英伟达董事仅进行了非货币性的赠与与股票奖励，无公开市场买卖操作，未提供额外内部信号。8月10日英伟达股价下跌2.86%，本次期权成交位列3个交易日内10大半导体期权事件的第2位。
后续关注
1. 8月12日到期的近月期权到期前的持仓与成交变化；2. 8月26日即将发布的2026年Q2财报实际数据；3. 后续机构持仓更新情况。该信号无法证明股价将严格按照隐含波动幅度变动，也无法确认大额期权成交属于开仓还是平仓操作。
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。