NVDA Long Call — 2026-08-21

NVDA (NVIDIA Corporation - Common Stock) shows bullish unusual options activity: $47103K of buyer-initiated unusual call flow (94% call-dominant) detected across near-term expirations, with a peak vol/OI ratio of 1.2x on the 225 call. IV rank is 26 (low) — cheap enough to buy the naked long call outright for full convexity. Buy the $212.5 call expiring 2026-08-21 (30 DTE) at mid $10.65 per share ($1065 per contract). Breakeven at $223.15; net delta 0.55.

Underlying: NVDA @ ~$213.45 | 2026-08-21 (30 DTE) | Net debit (entry): ~$1065 per contract. Use limit orders at the mid or slightly worse.

MAX LOSS: Limited to the premium paid ($1065 per contract). This is a defined-risk debit trade. | IV RISK: IV rank is 26 — reasonable for buying options. | TIMING: 30 DTE — unusual flow is a near-term signal; act promptly or the setup may stale. Close or take profit before expiration week to avoid gamma risk. | SECTOR: NVDA is in Technology — avoid concentration with other open Technology positions. | EXECUTION: Use limit orders at mid or slightly worse. Verify the bid-ask before sending; do not chase with market orders. | EVENTS: Check for upcoming earnings, FDA decisions, or macro prints within the trade window that could cause outsized gap risk.