Home Options CRWVReports

CRWV

CoreWeave, Inc.Close $105.89EOD only

Max Pain

$106.00

Next expiry May 29, 2026

Expected Move

±$7.40

7.0% from close

Price Gap

+0.11

Distance to max pain

IV Rank

Low premium

P/C OI

0.90

Slightly call-heavy

Consensus

6.0/10

Range bias

Published snapshot: May 26, 2026 close

End-of-day snapshot

This page reflects CRWV options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot

May 26, 2026 close

CRWV Directional Report

Analysis based on market close April 6, 2026

Directional Theta Gang Flow Earnings Consensus

Historical consensus-supported lens with full content, report chain context, and metric rail.

You are viewing an older report from April 6, 2026. A newer directional report is available for May 22, 2026.

View latest report

Outlook

Neutral-to-bearish with downside magnet to $80. Confidence: 5.5/10. GEX +$7.2M provides pinning support, but net premium -$15.7M and P/C 1.18 show put-heavy flow. Spot above max pain $80 suggests gravity lower.

Confidence:

5.5 / 10

base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); +0.5 spot 1.2% from MP

Supports: GEX +$7.2M (pinning), DEX +36.4M shares (dealer long), put OI clusters at $70/$64
Conflicts: Net premium -$15.7M bearish, P/C vol 1.18 put-heavy, spot above MP

📊GEX pinning near $85/$90

⚠️Net premium -$15.7M

Regime Classification

Vol Regime

High

IV 88.7% — extremely high, favors selling premium

Gamma Regime

Pinning

GEX +$7.2M concentrated above spot ($85/$90), pinning dominates

Flow Regime

Mixed

Net prem -$15.7M with P/C 1.18 — put-heavy flow

Spot vs Max Pain

Above

Spot $80.94 above MP $80 by 1.2%

Thesis duration: Multi-week — Max pain ladder falls from $80 to $78 over 16 expirations, GEX sign stable positive, flow regime consistent across expirations

Price Range Forecast

Next 2 weeks

$68.49$93.39

Max pain $80 dominates; >$85 invalidates

Key Levels

Max pain pins: $80 (2026-04-10); $82 (2026-04-17); $83 (2026-04-24)

EM guardrails:

Support: $80.00 · $75.00 · $70.00

Resistance: $85.00 · $90.00 · $105.00

Gamma flip: ~$70.00 — Approx — based on put OI concentration of 43,976 (13.5% below spot)

Structural: Call OI $100-$120 caps upside; put floor $64-$70

Dealer Positioning (GEX/DEX)

GEX: $+7.2M

DEX: +36.4M shares

Gamma flip: ~$70 (Approx — based on put OI concentration of 43,976 (13.5% below spot))

NTM gamma: Positive GEX concentrated at $85/$90; gamma flip ~$70

IV Analysis

IV vs VIX: IV 88.7% — extremely high, no VIX comparison provided

Term structure: Humped — 4/10 93.2% > 4/17 86.8% > 5/22 95.5%

Skew: 4/10 vs 4/17 ~6.4 vol-pt differential

Flow Analysis

Net premium: -$15.7M bearish; P/C vol 1.18

Directional prints: put 75 OTM 2026-05-01 — Vol 1,868 vs OI 147 (12.7x) — likely bought puts call 83 OTM 2026-04-10 — Vol 2,920 vs OI 1,496 (1.9x) — likely sold calls

Unusual: 101.4 put 64 OTM 2026-04-17 — Vol 990 vs OI 315 (3.1x) — high IV put flow

Risks & Catalysts

!Gamma flip at $70 breaks support

!High IV 88.7% risks vol crush

!Earnings 5/13 adds uncertainty

!Net premium -$15.7M bearish flow

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Long stock	Moderate-Weak	Buy shares at $80.94	Downside to $70
Short stock	Moderate	Short shares at $80.94	GEX pinning to $85
Covered call	Moderate-Strong	Buy shares, sell $85 call 4/17	Upside above $85
Cash-secured put / put spread	Strong	Sell $75/$70 put spread 4/17	Break below $70
Long calls	Weak	Avoid — high IV, bearish flow	IV crush
Long puts / bear put spreads	Moderate	Buy $80/$75 put spread 4/17	GEX pinning
Iron condor	Moderate-Strong	$75/$70P x $90/$95C 4/17	High IV >28
Calendar/diagonal	Moderate	Sell 4/10 $85 call (IV 90.7%), buy 4/17 $85 call (IV 85.2%)	Pin at $85
PMCC / LEAPS diagonal	Moderate-Weak	Avoid — high IV erodes edge	IV crush

Top Plays

Put Spread

Sell $75/$70 put spread 4/17

Defined-risk premium collection below max pain with gamma flip protection.

Credit: $1.50-$2.00

Max loss: $3.50

BE: $73.50

Mgmt: Close at 60-70% max profit; stop if spot <$70

Defined-risk premium sellers

Covered Call

Buy shares, sell $85 call 4/17

Income play aligned with GEX pinning at $85; downside protected by shares.

Credit: $3.00-$3.25

Max loss: unlimited below entry

BE: $77.94

Mgmt: Roll if spot approaches $85; close at 80% profit

Shareholders seeking income

Iron Condor

$75/$70P x $90/$95C 4/17

Range-bound trade using EM bounds; extra DTE improves risk/reward versus weekly.

Credit: $1.20-$1.50

Max loss: $3.80

BE: 73.8-91.2

Mgmt: Close at 50% max profit; adjust if spot breaches $75 or $90

Neutral traders with defined risk

Watchlist Triggers

Entry Triggers

IFSpot tags $80, holds 30 min → Sell $75/$70 put spread 4/17

IFSpot rises to $85 → Sell $90/$95 call spread 4/17

Exit Triggers

EXITSpot >$95 or <$65 → Exit all iron condors

EXITEarnings 5/13 within 7 days → Close all short-dated positions

Tactical Summary

Neutral-to-bearish with pinning to $80. Invalidation: >$85. Regime favors selling premium. Top plays: put spread for defined risk, covered call for income, iron condor for range. Put spread best for premium sellers, covered call for shareholders, iron condor for neutral traders.

How to Use These Reports

This directional reflects the market close on April 6, 2026.

What the reports do

Each report translates the same market-close options snapshot into a specific lens such as directional bias, premium-selling posture, flow quality, or earnings setup.

How traders use them

Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.

What to remember

These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.

If the report conviction and the raw data disagree, slow down and resolve the mismatch before sizing risk.