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CRWV

CoreWeave, Inc.Close $106.71EOD only

Max Pain

$100.00

Next expiry Jun 18, 2026

Expected Move

±$7.95

7.5% from close

Price Gap

-6.71

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.85

Slightly call-heavy

Consensus

8.0/10

Bullish tilt

Published snapshot: Jun 15, 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 15, 2026 close

CRWV Directional Report

Analysis based on market close June 16, 2026

Directional Theta Gang Flow Earnings Consensus

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

Outlook

Bullish bias from strong dealer gamma ($79.6M) and bullish flow. Spot 17% above max pain, but positive gamma supports drift toward $120 resistance. High vol implies large moves, but gamma structure provides cushion.

Confidence:

8 / 10

Base 5, +2 GEX/flow aligned, +1 GEX positive pinning, +1 VIX 16, -1 spot 17% from MP

Supports: $79.6M positive gamma, bullish flow, VIX 16
Conflicts: Spot 17% above max pain, high vol regime

📈$79.6M positive gamma and bullish flow support upward bias

⚠️Spot 17% above max pain $100; pullback risk if dealers delta-hedge lower

Regime Classification

Vol Regime

High

High IV regime; expected large moves, premium rich vs VIX

Gamma Regime

Pinning

$79.6M positive gamma; dealer long gamma supports price, flip at $100

Flow Regime

Bullish

Bullish net premium; call buying dominant

Spot vs Max Pain

Above

Spot ~$117 vs max pain $100 (17% above); above MP but positive gamma may pin higher

Thesis duration: Multi-week — Strong dealer gamma across June/July expiries suggests sustained directional influence; bullish flow and high vol favor multi-week bullish thesis

Price Range Forecast

Next 2 days

$109.60$124.45

Range $109.60-$124.45; gamma support near lows, but spot near midpoint

Next 1 week

$102.78$131.28

Range $102.78-$131.28; upside favored to $120 resistance

Next 2 weeks

$99.38$134.68

Range $99.38-$134.68; structural dealer buying likely toward upper end

Key Levels

Max pain pins: $100 (2026-06-18); $105 (2026-06-26); $103 (2026-07-02)

EM guardrails: 2d $109.60/$124.45; 1w $102.78/$131.28

Support: $99.38

Resistance: $120.00 · $134.68

Gamma flip: ~$100.00 — Approx — based on put OI concentration of 57,164 (14.6% below spot)

Structural: Max pain pins: $100 (Jun18), $105 (Jun26), $103 (Jul2). Support $99.38. Resistance $120, then $134.68. Gamma flip ~$100.

Dealer Positioning (GEX/DEX)

GEX: $+79.6M

DEX: +48.8M shares

Gamma flip: ~$100 (Approx — based on put OI concentration of 57,164 (14.6% below spot))

NTM gamma: $79.6M total gamma (positive), DEX +48.8M shares. Put wall at $100, call support above. Dealer long gamma supports upward drift.

IV Analysis

IV vs VIX: IV elevated vs VIX 16.4; rich premium but justified by gamma structure

Term structure: Not provided; likely contango with event kinks near expiries

Skew: Put skew elevated; call overwriting profitable given high vol

Flow Analysis

Net premium: Net premium deeply bullish at $106M with 0.45 P/C vol ratio, heavy call buying.

Directional prints: 89.5 call 126 OTM 2026-06-18 — Vol/OI 21x, likely bought; bullish directional bet. 88.6 call 124 OTM 2026-06-18 — Vol/OI 9.1x, call accumulation; bullish sentiment. 92.3 call 155 OTM 2026-07-02 — Vol/OI 12.7x, long-shot call buying; speculative bullish.

Unusual: 89.1 put 112 OTM 2026-06-18 — Vol/OI 22x, extreme; aggressive put buying or hedging. 89.5 call 126 OTM 2026-06-18 — Vol/OI 21x, heavy call volume; strongly bullish outlier. 87.2 put 117 OTM 2026-06-18 — Vol/OI 16.3x, elevated put activity; downside protection or bearish.

Risks & Catalysts

!Mean reversion to max pain $100 (17% downside)

!High vol can trigger sharp selloff if gamma flip breached

!Event risk from weekly expirations

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Bull call spread	Strong	Buy 2026-07-24 $135.00/$160.00 call spread Why now: High vol provides cheap premium for OTM calls; spread caps cost.	Time decay if spot stalls; max loss is debit paid.
Put credit spread	Moderate-Strong	Sell 2026-07-17 $100.00/$92.50 put spread Why now: Max pain $100 offers downside support; premium collection with defined risk.	Sharp selloff could breach short put; max loss is width minus credit.
Bullish risk reversal	Moderate-Weak	Buy 2026-07-24 $140.00 call / sell 2026-07-24 $101.00 put Why now: Call flow strong; risk reversal captures upside with defined risk.	Short put exposes to downside; long call premium at risk if spot declines. Liquidity constraints: short_put: Open interest below 25.

Top Plays

Bull Call Spread

Buy 2026-07-24 $135.00/$160.00 call spread

Captures upside to $160 with defined risk.

Why this play: Best aligns with bullish bias, uses high vol to cheaply buy OTM calls, cap risk.

Debit: $3.62-$4.43

Max loss: $4.43

BE: $139.43

Mgmt: Exit if spot closes below $99.38; take profit near $160.

Directional bulls wanting limited risk.

Put Credit Spread

Sell 2026-07-17 $100.00/$92.50 put spread

Sells puts below support, earns theta decay.

Why this play: Collects premium with support at max pain, but less upside potential.

Credit: $1.61-$1.97

Max loss: $5.53

BE: $98.03

Mgmt: Monitor max pain; roll if spot nears $100.

Neutral-to-bullish traders seeking income.

Bullish Risk Reversal

Buy 2026-07-24 $140.00 call / sell 2026-07-24 $101.00 put

Long call funded by short put for cheap upside.

Why this play: Strong call flow but unlimited loss and poor liquidity reduce appeal.

Credit: $0.09-$0.11

Max loss: $100.89

BE: $100.89

Mgmt: Watch liquidity; set stop on put side. Liquidity warning: Liquidity constraints: short_put: Open interest below 25.

Aggressive bulls with high conviction and risk tolerance.

Watchlist Triggers

Entry Triggers

IFIF spot holds above $100 and support $99.38 intact → THEN buy 2026-07-24 $135/$160 bull call spread at $3.62-$4.43

IFIF spot near $100 support with bullish bias → THEN sell 2026-07-17 $100/$92.50 put credit spread at $1.61-$1.97

Adjustment Triggers

ADJIF spot approaches $120 resistance with reversal signs → THEN take partial profit on bull call spread, tighten stops

Exit Triggers

EXITIF spot closes below $99.38 → THEN exit all bull call and put credit spreads immediately

Tactical Summary

Bullish bias from strong dealer gamma and flow. Spot above $100 gamma flip, targeting $120 resistance. Support at $99.38. Preferred: bull call spread or put credit spread near support. Exit if support breaks.

How to Use These Reports

This directional reflects the market close on June 16, 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.