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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 15, 2026

Directional Theta Gang Flow Earnings Consensus

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

Outlook

Bullish bias: strong bullish flow, long gamma pinning near $100. Spot above MP but 6.7% from flip. Confidence 8/10.

Confidence:

8 / 10

Base 5; +2 GEX/flow; +1 gamma; -1 spot distance; +1 VIX.

Supports: Bullish flow, positive gamma, $100 flip.
Conflicts: Spot 6.7% above flip, resistance $115.

🟢Bullish flow and long gamma support price near pins.

⚠️Spot above gamma flip; failure at $100 risks cascade.

📊Elevated IV vs VIX; term structure steep pre-OPEX.

Regime Classification

Vol Regime

High

High vol: IV elevated vs typical; VIX 16.2 supportive.

Gamma Regime

Pinning

Positive gamma pinning $100–$103 from put OI (56,709).

Flow Regime

Bullish

Net bullish premium buying.

Spot vs Max Pain

Above

Spot above MP ($102) by ~5%, upside bias.

Thesis duration: Event-specific — Event-driven with max pain pins Jun18/26/Jul2; high vol and bullish flow.

Price Range Forecast

Next 2 days

$98.76$114.66

Support from gamma flip at $100.

Next 2 weeks

$90.78$122.63

Range $90.78–$122.63; upside bias.

Key Levels

Max pain pins: $100 (2026-06-18); $103 (2026-06-26); $102 (2026-07-02)

EM guardrails: 2d $98.76/$114.66

Support: $100.00 · $90.78

Resistance: $115.00 · $122.63

Gamma flip: ~$100.00 — Approx — based on put OI concentration of 56,709 (6.3% below spot)

Structural: Support $100, $98.76; resistance $115, $122.63. Max pain $100/$103/$102.

Dealer Positioning (GEX/DEX)

GEX: $+30.8M

DEX: +43.5M shares

Gamma flip: ~$100 (Approx — based on put OI concentration of 56,709 (6.3% below spot))

NTM gamma: GEX +$30.8M, DEX +43.5M shrs, gamma flip ~$100.

IV Analysis

IV vs VIX: IV rich vs VIX 16.2; premium expensive.

Term structure: Steep front-end; OPEX kinks.

Skew: Put skew high; sell puts at $100 support.

Flow Analysis

Net premium: Net premium $20.2M positive; call volume ratio 0.53 and OI ratio 0.85 imply bearish flow, mixed sentiment.

Directional prints: 89.5 call 108 OTM 2026-06-18 — Volume 4987 vs OI 1283 (3.9x); likely opening buys; adds to call dominance. 89 call 107 OTM 2026-06-18 — Volume 4776 vs OI 1611 (3.0x); aggressive buying; supports upward momentum. 88.7 call 112 OTM 2026-06-18 — Volume 1953 vs OI 723 (2.7x); new bullish positioning above current levels.

Unusual: 85.7 call 107 OTM 2026-06-26 — Volume 947 vs OI 109 (8.7x); extraordinary call buying; high confidence bullish. 89.5 put 92 OTM 2026-06-26 — Volume 1378 vs OI 216 (6.4x); unusual put buying possibly hedging; bearish tail risk. 84.1 call 115 OTM 2026-07-02 — Volume 883 vs OI 171 (5.2x); bullish call buying at higher strike; speculative upside.

Risks & Catalysts

!Spot below $100 triggers dealer sell.

!$115 resistance caps upside.

!Event vol contraction.

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Put credit spread	Strong	Sell 2026-07-02 $99.00/$93.00 put spread Why now: Flow shows call dominance and spot near $100 support; bullish bias for next 2 days suggests premium harvest via put credit spread.	Upside capped above $115; if spot drops below $100, spread becomes ITM and max loss incurred.
Bull call spread	Moderate	Buy 2026-07-10 $110.00/$123.00 call spread Why now: Strong bullish flow and net positive premium support upside; bull call spread limits risk and benefits from vol contraction.	Time decay hurts if move is slow; $115 resistance caps profit and may cause loss. Liquidity constraints: short_call: Open interest below 25.
Bullish risk reversal	Conditional	Buy 2026-07-17 $115.00 call / sell 2026-07-17 $92.50 put Why now: High implied vol allows attractive risk reversal; upside convexity if spot rallies past $115; put provides cushion.	Unlimited upside tail risk if spot drops; put assignment possible below strike; margin required.

Top Plays

Put credit spread near support

Sell 2026-07-02 $99.00/$93.00 put spread

Sell 99/93 put spread to collect premium while 100 holds, capitalizing on bullish flow and gamma pin.

Why this play: Best for near-term bullish bias; spot near $100 support and high call flow justifies selling put spread to capture premium with defined risk.

Credit: $1.57-$1.91

Max loss: $4.09

BE: $97.09

Mgmt: Close at 50% profit or if spot breaks below $100.

Short-term bullish traders seeking defined risk and high probability.

Bullish risk reversal for convexity

Buy 2026-07-17 $115.00 call / sell 2026-07-17 $92.50 put

Buy 115 call, sell 92.5 put to profit from upside move while reducing cost; benefits from vol contraction.

Why this play: High IV makes risk reversal attractive; unlimited upside if spot breaks $115 resistance, with put premium cushioning.

Debit: $2.57-$3.14

Max loss: $92.50

BE: $92.50

Mgmt: Roll put up if spot weakens; take profits on call if target hit.

Traders with high conviction and willingness to accept downside risk.

Bull call spread with limited risk

Buy 2026-07-10 $110.00/$123.00 call spread

Buy 110/123 call spread to express bullish view with defined risk; benefits from vol contraction.

Why this play: Upside bias supported by flow; spread limits loss but liquidity is low, making execution less favorable.

Debit: $3.78-$4.62

Max loss: $4.62

BE: $114.62

Mgmt: Adjust if spot fails to hold above $105. Liquidity warning: Liquidity constraints: short_call: Open interest below 25.

Traders comfortable with potential liquidity challenges.

Watchlist Triggers

Entry Triggers

IFSpot holds above $100 support → Sell 2026-07-02 $99/$93 put spread for 1.57-1.91 credit

IFSpot rallies above $105 → Buy 2026-07-10 $110/$123 call spread for 3.78-4.62

IFSpot stays above $100 → Buy 2026-07-17 $115 call / sell $92.5 put for 2.57-3.14 credit

Exit Triggers

EXITSpot breaks below $100 → Close all positions

Tactical Summary

Bullish bias, support at $100, resistance $115. Prefer put credit spread for defined risk. Risk reversal offers upside convexity if $115 breaks. Exit if $100 lost. Next 2 days bullish, then neutral.

How to Use These Reports

This directional reflects the market close on June 15, 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.