🔩 Options Sentiment & GEX Analysis
NVDA is pressing into a critical Gamma Wall at 162.5, which aligns with the highest positive NET GEX and second-tier Call Wall concentration. Dealers are likely short calls here, meaning a breakout could trigger gamma-induced hedging, fueling a squeeze.
* Call Walls: 162.5 → 165 → 167.5 → 170
* Put Walls: 157.5 → 155 → 152
* GEX Skew: Strong bullish exposure into 162.5, suggesting a resistance zone but also potential fuel if breached.
* IVR: 6.6 — Implied Volatility remains cheap, ideal for directional plays.
* IVx Avg: 38.6 — still elevated, giving edge to debit spreads.
* Put/Call Ratio: 0.2% Puts – overly call-heavy positioning adds risk of dealer chasing if breakout occurs.
🧠 GEX-Based Option Trade Ideas
📈 Bullish Gamma Squeeze Play
* Setup: Buy 160/165 Call debit spread (Jul 19 or Jul 26 expiry).
* Trigger: Break & close above 161 with volume.
* Target: 165 → 167.5
* Why: Breaching Gamma Wall at 162.5 opens room to next Call Walls. Dealer hedging could force rapid upside.
📉 Bearish Fade Setup
* Setup: Buy 160/155 Put debit spread
* Trigger: Failure to reclaim 161–162.5 zone with clear rejection pattern.
* Target: 157.5 → 155
* Why: Rejection at GEX ceiling could unwind recent rally, especially if broader market rolls over.
🧭 1-Hour Technical Chart Overview
NVDA is consolidating tightly under its Gamma resistance within a clear ascending channel.
🔍 Structure & SMC Highlights
* Series of Breaks of Structure (BOS) confirms bullish trend.
* CHoCH zones have been retested and flipped bullish around 157.5.
* Current price is compressing under a key supply zone at 160.98–162.5, with rising trendline providing support.
* A clean bullish reaction from the 157.5 order block shows buyer interest is intact.
🔨 Levels to Watch
* Key Resistance: 161 → 162.5 (GEX ceiling, prior swing highs)
* Support Zone: 157.5 → 155 (prior CHoCH and OB zone)
* Trendline: Acting as dynamic support from June lows
📌 Trading Plan (1H Price Action Focus)
Long Setup
* Trigger: Break above 161 with bullish candle close and volume
* Entry: 161.20–161.50
* Stop: Below 159.80 (last demand zone wick)
* Target: 165 first, then 167.5
* Bias: Trend continuation + gamma squeeze
Short Setup
* Trigger: Rejection at 162.5 with bearish engulfing or shooting star
* Entry: 161.80–162.50
* Stop: Above 163
* Target: 157.5 → 155
* Bias: Fade extended rally into gamma wall
🧠 Summary
NVDA is perched just under a powerful options-driven ceiling. Whether this turns into a breakout squeeze or a sharp rejection depends on how price reacts to the 161–162.5 zone. Traders should prepare for both scenarios with defined-risk debit spreads and lean into price confirmation before committing.
This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage risk carefully.
NVDA is pressing into a critical Gamma Wall at 162.5, which aligns with the highest positive NET GEX and second-tier Call Wall concentration. Dealers are likely short calls here, meaning a breakout could trigger gamma-induced hedging, fueling a squeeze.
* Call Walls: 162.5 → 165 → 167.5 → 170
* Put Walls: 157.5 → 155 → 152
* GEX Skew: Strong bullish exposure into 162.5, suggesting a resistance zone but also potential fuel if breached.
* IVR: 6.6 — Implied Volatility remains cheap, ideal for directional plays.
* IVx Avg: 38.6 — still elevated, giving edge to debit spreads.
* Put/Call Ratio: 0.2% Puts – overly call-heavy positioning adds risk of dealer chasing if breakout occurs.
🧠 GEX-Based Option Trade Ideas
📈 Bullish Gamma Squeeze Play
* Setup: Buy 160/165 Call debit spread (Jul 19 or Jul 26 expiry).
* Trigger: Break & close above 161 with volume.
* Target: 165 → 167.5
* Why: Breaching Gamma Wall at 162.5 opens room to next Call Walls. Dealer hedging could force rapid upside.
📉 Bearish Fade Setup
* Setup: Buy 160/155 Put debit spread
* Trigger: Failure to reclaim 161–162.5 zone with clear rejection pattern.
* Target: 157.5 → 155
* Why: Rejection at GEX ceiling could unwind recent rally, especially if broader market rolls over.
🧭 1-Hour Technical Chart Overview
NVDA is consolidating tightly under its Gamma resistance within a clear ascending channel.
🔍 Structure & SMC Highlights
* Series of Breaks of Structure (BOS) confirms bullish trend.
* CHoCH zones have been retested and flipped bullish around 157.5.
* Current price is compressing under a key supply zone at 160.98–162.5, with rising trendline providing support.
* A clean bullish reaction from the 157.5 order block shows buyer interest is intact.
🔨 Levels to Watch
* Key Resistance: 161 → 162.5 (GEX ceiling, prior swing highs)
* Support Zone: 157.5 → 155 (prior CHoCH and OB zone)
* Trendline: Acting as dynamic support from June lows
📌 Trading Plan (1H Price Action Focus)
Long Setup
* Trigger: Break above 161 with bullish candle close and volume
* Entry: 161.20–161.50
* Stop: Below 159.80 (last demand zone wick)
* Target: 165 first, then 167.5
* Bias: Trend continuation + gamma squeeze
Short Setup
* Trigger: Rejection at 162.5 with bearish engulfing or shooting star
* Entry: 161.80–162.50
* Stop: Above 163
* Target: 157.5 → 155
* Bias: Fade extended rally into gamma wall
🧠 Summary
NVDA is perched just under a powerful options-driven ceiling. Whether this turns into a breakout squeeze or a sharp rejection depends on how price reacts to the 161–162.5 zone. Traders should prepare for both scenarios with defined-risk debit spreads and lean into price confirmation before committing.
This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage risk carefully.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.