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CRWV

CoreWeave, Inc.Close $117.03EOD only

Max Pain

$100.00

Next expiry Jun 18, 2026

Expected Move

±$7.42

6.3% from close

Price Gap

-17.03

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.87

Slightly call-heavy

Consensus

6.5/10

Range bias

Published snapshot: Jun 16, 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 16, 2026 close

CRWV Directional Report

Analysis based on market close June 17, 2026

Directional Theta Gang Flow Earnings Consensus

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

Outlook

Bullish bias driven by strong dealer long gamma ($+73.5M GEX) and bullish flow, pinning near $100-$105 max pain. Spot at ~$115 is above MP but within 2d range $109.85-$120.56. Downside risk from spy sell-off and spot 15.2% above MP, but vol regime supports range-bound movement. Confidence base 7.5.

Confidence:

7.5 / 10

Base 5; +2 GEX/flow alignment; +1 GEX positive pinning; -1 spot above MP; +0.5 VIX at 18.

Supports: Bullish flow, positive GEX, pinning gamma near puts, strong dealer hedging
Conflicts: SPY/QQQ down, spot above MP, high vol regime

🟢Dealer long gamma $73.5M supports near-term pinning

⚠️Spot 15% above MP; gamma flip at $100

📈Bullish flow despite market sell-off

Regime Classification

Vol Regime

High

High vol regime relative to typical, consistent with event-driven uncertainty near expiry.

Gamma Regime

Pinning

Pinning gamma regime with $+73.5M GEX; dealers hedge long gamma, anchoring spot near max pain $100-$105.

Flow Regime

Bullish

Bullish flow with net premium positive, indicating call buying or put selling.

Spot vs Max Pain

Above

Spot at ~$115 is above $100 MP but below 2d high $120.56; resistance at $120 and $131.91.

Thesis duration: Event-specific — Max pain pins on 2026-06-18 and 2026-06-26; snapshot 1 day before first expiry, suggesting near-term directional focus.

Price Range Forecast

Next 2 days

$109.85$120.56

Range $109.85-$120.56; pinning near $100 but spot above; resistance at $120.

Next 1 week

$102.01$128.41

Range $102.01-$128.41; GEX and flow support; support at $102.

Next 2 weeks

$98.51$131.91

Range $98.51-$131.91; gamma flip at $100; wider range allows drift.

Key Levels

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

EM guardrails: 2d $109.85/$120.56; 1w $102.01/$128.41

Support: $98.51

Resistance: $120.00 · $131.91

Gamma flip: ~$100.00 — Approx — based on put OI concentration of 56,711 (13.2% below spot)

Structural: Support $98.51, Resistance $120.00 and $131.91; Max pain pins $100 (06/18) and $105 (06/26, 07/02).

Dealer Positioning (GEX/DEX)

GEX: $+73.5M

DEX: +48.6M shares

Gamma flip: ~$100 (Approx — based on put OI concentration of 56,711 (13.2% below spot))

NTM gamma: Dealer long gamma $+73.5M GEX, +48.6M DEX; gamma flip near $100 based on put OI concentration.

IV Analysis

IV vs VIX: IV elevated vs VIX 18.44, reflecting event risk and high vol regime; rich for premium selling.

Term structure: Steep near-term due to expiry; kinks around max pain dates (06/18, 06/26).

Skew: Put skew elevated; potential to sell put spreads below $100 gamma flip.

Flow Analysis

Net premium: Net premium positive $21.6M, P/C volume ratio 0.56, indicative of bullish flow.

Directional prints: 77.4 put 116 ITM 2026-06-18 — Vol/OI 18.4; high volume suggests bought puts for downside protection or bearish bet. Likely hedging. 78.2 call 123 OTM 2026-06-18 — Vol/OI 4.7; elevated call volume, likely bought, aligning with bullish flow. 119.5 call 185 OTM 2026-06-26 — Vol/OI 5.3; far OTM call, bought as lottery, speculative upside.

Unusual: 77.4 put 116 ITM 2026-06-18 — Vol/OI 18.4, extreme relative to existing OI, suggests aggressive put buying or positioning. 76.1 put 119 ITM 2026-06-18 — Vol/OI 6.8; unusual put volume, likely bought as hedging or bearish bet. 78.2 call 123 OTM 2026-06-18 — Vol/OI 4.7; notable call buying, consistent with net bullish flow.

Risks & Catalysts

!Spot deviation below gamma flip at $100

!Market-wide selloff (SPY/QQQ down)

!Vol expansion on event surprise

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Bull call spread	Moderate-Strong	Buy 2026-07-02 $115.00/$120.00 call spread Why now: Bull call spread defined risk; near-term 15 DTE aligns with cautious bullish lean.	Delta decay if spot stays below 115; max loss limited to debit paid.
Put credit spread	Moderate	Sell 2026-07-02 $107.00/$101.00 put spread Why now: High implied vol and bullish flow support selling puts; defined risk protects downside.	Downside if spot breaks below 110; max loss limited to width minus credit.
Cash-secured put	Moderate-Weak	Sell 2026-07-02 $107.00 cash-secured put Why now: Cash-secured put to collect premium with intent to own below market; aligns with bullish bias.	Assignment risk if spot drops below strike; opportunity cost if no pullback.

Top Plays

Bull Call Spread

Buy 2026-07-02 $115.00/$120.00 call spread

Buy 115/120 call spread to capture upside with capped loss.

Why this play: Most aligned with bullish bias; defined risk, short DTE suits cautious lean. Outranks put credit as more direct directional play.

Debit: $2.09-$2.56

Max loss: $2.56

BE: $117.56

Mgmt: Exit if spot breaches invalidation level 98.51 or within 1 DTE.

Traders expecting gradual upside in near term.

Put Credit Spread

Sell 2026-07-02 $107.00/$101.00 put spread

Sell 107/101 put spread to profit from sideways to up move.

Why this play: Collects premium in high IV environment with defined risk; bullish flow supports. Less capital than cash-secured put.

Credit: $1.58-$1.93

Max loss: $4.07

BE: $105.07

Mgmt: Roll if spot nears short strike; close at 50% profit.

Income-seeking traders with moderate bullish view.

Cash-Secured Put

Sell 2026-07-02 $107.00 cash-secured put

Sell 107 put to collect premium with intent to acquire stock if assigned.

Why this play: Higher premium but requires significant capital; suitable for those willing to own below market.

Credit: $4.16-$5.09

Max loss: $101.91

BE: $101.91

Mgmt: Monitor spot; consider buying back if delta increases sharply.

Traders bullish long-term and comfortable holding stock.

Watchlist Triggers

Entry Triggers

IFIF spot trades above $115 with bullish momentum → Buy 115/120 call spread at $2.09-$2.56 (Bull Call Spread)

IFIF spot holds above $100 gamma flip and near $107 → Sell 107/101 put spread at $1.58-$1.93 (Put Credit Spread)

IFIF spot holds above $100 gamma flip and near $107 → Sell 107 cash-secured put at $4.16-$5.09

Exit Triggers

EXITIF spot closes below $98.51 support → Close all bullish positions

Tactical Summary

Bullish bias; spot ~$115 above max pain. Use defined risk: bull call spread (115/120) or put credit spread (107/101). Exit on break below $98.51.

How to Use These Reports

This directional reflects the market close on June 17, 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.