Nvidia call options: bought 52,000 contracts for 77.6 billion won… sold $245 calls

A single trader bought 52,000 Nvidia ($NVDA) call options expiring February 19, 2027 for $57 million while selling the same number of $245-strike calls of the same expiry for about $10 million, a spread structure that caps upside above $245 in exchange for cheaper exposure. The trade, executed roughly an hour after the U.S. open on a down day for the stock, was part of more than $100 million in total premium traded in Nvidia options that session, though that figure includes new buys, sells and position unwinds rather than fresh capital alone. The size and long-dated tenor make it a notable directional bet on Nvidia's recovery, with the $245 short strike marking the level where the position's gains stop accruing.