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CRWV

CoreWeave, Inc.Close $100.55EOD only

Max Pain

$100.00

Next expiry Jun 18, 2026

Expected Move

±$9.52

9.5% from close

Price Gap

-0.55

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.86

Slightly call-heavy

Consensus

7.5/10

Bullish tilt

Published snapshot: Jun 12, 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

Jun 12, 2026 close

CRWV Directional Report

Analysis based on market close June 12, 2026

Directional Theta Gang Flow Earnings Consensus

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

Outlook

Bullish bias near $100 max pain with strong dealer gamma support and bullish flow. High vol suggests sharp moves but pinning action favors longs. Resistance at $114.7, support at $100.

Confidence:

9 / 10

Base 5 +2 GEX/flow aligned +1 GEX positive pinning +1 spot near MP +1 VIX 18 = 9/10.

Supports: Dealer GEX +$21.5M, bullish flow, spot at $100 MP, DEX +45M shares.
Conflicts: High IV may increase reversal risk, resistance at $114.7.

📌Pinning at $100 across weekly expiries

💰Dealers long gamma $21.5M supporting spot

📈Bullish flow despite high vol environment

🚧Resistance $114.7 key breakout level

Regime Classification

Vol Regime

High

IV elevated vs history; sharp moves expected.

Gamma Regime

Pinning

GEX +$21.5M, pinning near $100 due to put OI concentration. Gamma flip at $100.

Flow Regime

Bullish

Net bullish premium, positive flow bias.

Spot vs Max Pain

Spot at $100 max pain, ~0.6% away, pinning likely.

Thesis duration: Event-specific — Max pain pins at weekly expiries and dealer gamma profile suggest event-driven price anchoring.

Price Range Forecast

Next 1 week

$91.03$110.08

Support $100, resistance $110.08.

Next 2 weeks

$86.40$114.70

Range $86.40-$114.70, upside bias.

Key Levels

Max pain pins: $100 (2026-06-12); $100 (2026-06-18); $104 (2026-06-26)

EM guardrails: 1w $91.03/$110.08

Support: $100.00 · $86.40

Resistance: $114.70

Gamma flip: ~$100.00 — Approx — based on put OI concentration of 56,599 (0.5% below spot)

Structural: Max pain $100 (expiring 6/12, 6/18, 6/26); supports $100, $86.40; resistance $114.70; gamma flip ~$100.

Dealer Positioning (GEX/DEX)

GEX: $+21.5M

DEX: +45.0M shares

Gamma flip: ~$100 (Approx — based on put OI concentration of 56,599 (0.5% below spot))

NTM gamma: Dealers long gamma +$21.5M GEX and long delta +45M shares, creating pinning and support near $100.

IV Analysis

IV vs VIX: IV elevated vs VIX 17.68, options rich; caution on buying vol.

Term structure: Likely backwardated near expiry due to event risk.

Skew: Skew may favor puts; consider call spreads for defined risk.

Flow Analysis

Net premium: Net premium $25.1M, P/C volume ratio 0.37, bullish call flow.

Directional prints: 37.5 call 105 OTM 2026-06-12 — Vol 30502 vs OI 5097, high relative volume; aggressive call buying, bought, bullish. 22.7 call 103 OTM 2026-06-12 — Vol 15578 vs OI 1258, 12.4x ratio; heavy call buying, bought, bullish. 53.1 call 108 OTM 2026-06-12 — Vol 8793 vs OI 1382, 6.4x ratio; call sweep, bought, bullish.

Unusual: 22.7 call 103 OTM 2026-06-12 — Highest vol/OI 12.4x, OTM call; bought, speculative bullish. 30.5 call 104 OTM 2026-06-12 — Vol/OI 11.7x, OTM call; bought, aggressive. 87.6 call 110 OTM 2026-07-02 — Vol/OI 8.3x, high IV 87.6%, far OTM call; bought, bullish bet.

Risks & Catalysts

!High IV reversal risk.

!Failure to hold $100 leads to $86.40 support.

!GEX flip below $100 accelerates selling.

!Resistance at $114.70 caps upside.

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Bull call spread	Moderate-Strong	Buy 2026-07-02 $100.00/$113.00 call spread Why now: High IV offers cheap call skew; limited risk aligns with bullish thesis.	Max loss is net debit; time decay hurts if no move.
Put credit spread	Moderate	Sell 2026-06-26 $95.00/$93.00 put spread Why now: High IV inflates put premiums; support at $100 limits downside.	Loss if stock drops below $95; pinning at $100 may cap gains.
Bullish risk reversal	Moderate-Strong	Buy 2026-07-17 $110.00 call / sell 2026-07-17 $95.00 put Why now: Bullish flow and gamma support; risk reversal captures convexity with limited downside.	Unlimited loss on short put if stock crashes; margin intensive.

Top Plays

Bull Call Spread

Buy 2026-07-02 $100.00/$113.00 call spread

Buy $100/113 call spread; profits from rally to $113+.

Why this play: Best risk/reward; high IV cheapens calls; limited loss aligns with bullish thesis.

Debit: $4.28-$5.23

Max loss: $5.23

BE: $105.23

Mgmt: Exit if stock breaks below $100; take profit at $113 or manage theta.

Traders seeking capped risk with upside exposure.

Bullish Risk Reversal

Buy 2026-07-17 $110.00 call / sell 2026-07-17 $95.00 put

Buy $110 call, sell $95 put; unlimited upside, limited downside.

Why this play: Captures convexity; bullish flow supports; downside hedged via put sale.

Credit: $0.54-$0.66

Max loss: $94.34

BE: $94.34

Mgmt: Monitor gamma; roll or close if $100 support breaks.

Aggressive traders expecting strong move above $110.

Put Credit Spread

Sell 2026-06-26 $95.00/$93.00 put spread

Sell $95/93 put spread; collect premium from elevated vol.

Why this play: Leverages high IV but bearish; rank lower due to directional mismatch.

Credit: $0.58-$0.71

Max loss: $1.29

BE: $94.29

Mgmt: Close early if stock falls near $100; defend with stops.

Traders neutral-bullish wanting income.

Watchlist Triggers

Entry Triggers

IFIF CRWV holds above $100 (gamma support) and rallies above $102, THEN enter CS1 Bull Call Spread (buy $100/$113 call spread) for debit 4.28-5.23. → Enter CS1 Bull Call Spread

IFIF CRWV breaks above $105 with bullish volume and IV expansion, THEN enter CS3 Bullish Risk Reversal (buy $110 call, sell $95 put) for credit 0.54-0.66. → Enter CS3 Bullish Risk Reversal

Exit Triggers

EXITIF CRWV closes below $100 (gamma flip), THEN exit all bullish positions (CS1, CS3) to limit losses. → Exit bullish positions

Tactical Summary

Bullish bias with strong dealer gamma support near $100 max pain. Target resistance $114.7 via bull call spread or risk reversal. Invalidation: break below $100. Put credit spread not recommended due to directional mismatch. Manage theta and vol crush.

How to Use These Reports

This directional reflects the market close on June 12, 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.