NVDA Sees 86,905 Contracts Traded on May-30-25 145 Call—Order Flow Skews Bullish After Earnings Beat
Click to View this Option in the NVDA Option Chain Profit Calculator
Blockbuster Option Volume Points to Bullish Momentum
If you blinked this morning, you might have missed one of the most notable surges in options activity this quarter: 86,905 contracts of NVIDIA’s May-30-25 145 Call traded by 10:39 AM, accounting for 5% of the stock's entire options volume. That’s not just noise—it’s a signal worth a closer look, especially with the dust still settling after NVIDIA’s first-quarter fiscal 2026 earnings blowout.
Call Buyers Take the Lead as Implied Volatility Plummets 52%
Order flow tells an important story. About 57.5% of this contract’s trades were buyers stepping in, compared to 42.5% on the sell side. Notably, 56% of the action came from large, likely institutional players, suggesting smart money is active here.
The price of the option started at $1.41, peaked at $1.80, and sank to a last trade at $0.52—a clear sign of post-earnings volatility crush. Implied volatility (IV) on the contract dropped from a previous close of 91.7 to just 41.5, a whopping 52.2% decline, which can punish late buyers but creates opportunity for those on the right side of the trade. That sharp fall in IV reflects not only the passing of a major event but also market expectations for a quieter near-term ahead—unless something surprises.
Technical Indicators Show Momentum: NVDA Stock Pops 3.68% to $139.77
Today’s move in NVDA is about more than just options. Shares climbed $4.96, or 3.68%, reaching $139.77 after the company delivered another massive revenue beat. NVIDIA reported first-quarter revenue of $44.1 billion—up 69% from a year ago and 12% over last quarter—powered by data center growth. That top-line strength gave traders confidence, fueling both stock and options demand.
| May-30-25 145 Call Key Metrics | Value |
|---|---|
| Contracts Traded | 86,905 |
| % of Total Option Volume | 5.0% |
| VWAP Price | $1.08 |
| Implied Volatility Change | -52.2% |
| % Large Trades | 56% |
| % Bought | 57.5% |
| % Sold | 42.5% |
| Open Interest Change | +23,837 |
Earnings Beat, But Is The Risk/Reward Still Favorable?
The heavy volume in the May-30-25 145 Calls likely reflects traders positioning for continued momentum, despite implied volatility getting hammered. After an event-driven volatility collapse like this, it’s harder for new call buyers to profit unless NVDA makes another big leg up fast. For the sellers—who captured high IV ahead of earnings—the setup has been textbook.
On the other hand, the bullish tilt in order flow, alongside a rising stock price, hints that at least some participants expect upside, potentially banking on continued demand for AI infrastructure and fresh catalysts in the coming days. The added open interest (+23,837 contracts from the prior day) confirms that traders are actively expressing directional bets rather than just unwinding pre-earnings positions.
Takeaway: Post-Earnings Call Buying Remains, But Volatility Is Reset
NVIDIA’s first quarter results keep it firmly at the center of the AI narrative, and options traders wasted no time expressing their view. The enormous May-30-25 145 Call activity and the 52% volatility reset signal that traders are re-calibrating for what’s next—whether it’s a new leg higher or a period of consolidation.
While the directional edge isn’t obvious from order flow alone, the sheer size of this trade and the rapid IV reset suggest something meaningful: Smart money may be positioning for more than just a relief rally. Traders would be wise to watch for follow-through in NVDA’s price—and consider whether today’s post-earnings volatility reset has created the setup for the next big move.
Contact Information:
If you have feedback or concerns about the content, please feel free to reach out to us via email at support@marketchameleon.com.
About the Publisher - Marketchameleon.com:
Marketchameleon is a comprehensive financial research and analysis website specializing in stock and options markets. We leverage extensive data, models, and analytics to provide valuable insights into these markets. Our primary goal is to assist traders in identifying potential market developments and assessing potential risks and rewards.
NOTE: Stock and option trading involves risk that may not be suitable for all investors. Examples contained within this report are simulated and may have limitations. Average returns and occurrences are calculated from snapshots of market mid-point prices and were not actually executed, so they do not reflect actual trades, fees, or execution costs. This report is for informational purposes only, and is not intended to be a recommendation to buy or sell any security. Neither Market Chameleon nor any other party makes warranties regarding results from its usage. Past performance does not guarantee future results. Please consult a financial advisor before executing any trades. You can read more about option risks and characteristics at theocc.com.
The information is provided for informational purposes only and should not be construed as investment advice. All stock price information is provided and transmitted as received from independent third-party data sources. The Information should only be used as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments and trading strategies. The Company does not guarantee the accuracy, completeness or timeliness of the Information.