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CRWV

CoreWeave, Inc.Close $114.21EOD only
Max Pain
$109.00
Next expiry May 15, 2026
Expected Move
±$4.89
4.3% from close
Price Gap
-5.21
Distance to max pain
IV Rank
75
High premium
P/C OI
0.95
Balanced positioning
Consensus
7.5/10
Bullish tilt
Published snapshot: May 14, 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 14, 2026 close
CRWV Earnings Report
Analysis based on market close May 14, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

High confidence setup: strong bullish flow and gamma pinning offset low historical beat rate.

Confidence:
8.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -0.5 spot 4.8% from MP; +1 VIX 17
Most important: Unusual put buying at deep OTM strikes suggests hedged positioning; call OI wall at $120-$150 caps upside.
🐻20% beat rate - historically weak.
🐂Large call buyers at $115-$117 suggest bullish conviction.
⚠️Gamma flip at 100% - put OI concentration may act as support.

Regime Classification

Vol Regime
High
Gamma Regime
Pinning
Flow Regime
Bullish
Spot vs MP
Above
Gamma flip: ~$100.00 — Approx — based on put OI concentration of 31,464 (12.4% below spot)

Earnings Overview

Expected moves:

  • 2026-05-15 (1d): ±$4.89 (4.3%)
  • 2026-05-22 (8d): ±$13.05 (11.4%)
  • 2026-05-29 (15d): ±$16.50 (14.4%)

IV Setup

Term structure: Upward sloping; 1d ±4.3%, 8d ±11.4%, 15d ±14.4%.

Crush estimate: 50-60% implied volatility crush expected.

Skew: Put skew elevated; put IV ~109-115% for low strikes.

Historical Context

Beat rate: 20% (1/5 quarters)

Avg move vs expected: Not available; beat rate 20% (1/5).

Directional bias: Bullish flow bias but historically bearish post-earnings.

Key Levels

1$100.00 gamma flip
2EM guardrails: 2d $109.32/$119.10; 1w $101.16/$127.26
3Max pain pins: $109 (2026-05-15); $111 (2026-05-22); $114 (2026-05-29)

Flow Highlights

Heavy put buying at $87-$92 strikes for May 22, vol/oi ratios >10.

Hedging or bearish bets; potential floor at $90.

Call accumulation at $115-$117 for May 15, large vol.

Bullish bets near upper guardrail; gamma squeeze potential.

Strategies

Call Calendar
Sell 2026-05-22 $120.00 call / buy 2026-05-29 $120.00 call
Debit: $1.46-$1.79
Max loss: $1.79
Max gain: Variable
BE: Path-dependent
Trigger: Exit if spot breaks above $120 or drops below $109; roll if IV spikes.
Upward term structure and high near-term IV favor premium decay; call OI wall caps upside, making short call safe.
Outperforms: Sells near-term $120 call, buys later expiry to capture time decay and maintain upside exposure.
Underperforms: Loss of support or adverse vol term shift weakens thesis.
Put Calendar
Sell 2026-05-22 $110.00 put / buy 2026-05-29 $110.00 put
Debit: $1.37-$1.68
Max loss: $1.68
Max gain: Variable
BE: Path-dependent
Trigger: Exit if spot breaks below $109 or rallies above $115; adjust strike on large OI changes.
Elevated put IV and hedging flow create premium selling opportunity; bearish historical bias supports downside.
Outperforms: Sells near-term $110 put, buys later expiry to profit from time decay while hedging tail risk.
Underperforms: Loss of support or adverse vol term shift weakens thesis.

Risk Assessment

!Low beat rate (20%) increases downside risk.
!IV crush could offset premium collected.
!Gamma pin at $109 may be tested on bad news.

What to Watch

?Spot vs $109 max pain and $115 resistance.
?Open interest changes at $90 put and $117 call.
?Earnings reaction and subsequent IV crush.
How to Use These Reports
This earnings reflects the market close on May 14, 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.