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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
32
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 Earnings Report
Analysis based on market close June 16, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

Strong bullish flow with elevated IV, but historical beat rate low (20%).

Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 17.0% from MP; +1 VIX 16
Most important: Watch $100 gamma flip and $130-$150 call wall.
📈Heavy call OI at $130-$150; resistance zone if rally.
⚠️Spot far above max pain ($100); potential reversion.

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 57,164 (14.6% below spot)

Earnings Overview

Expected moves:

  • 2026-06-18 (2d): ±$7.43 (6.3%)
  • 2026-06-26 (10d): ±$14.25 (12.2%)
  • 2026-07-02 (16d): ±$17.65 (15.1%)

IV Setup

Term structure: Backwardated, near-term IV elevated (2d ~85% implied).

Crush estimate: Expected crush ~6-7% post-event.

Skew: Put floor at $62-$100; call wall $130-$150.

Historical Context

Beat rate: 20% (1/5 quarters)

Avg move vs expected: Data limited; beat rate 20% (1/5 quarters).

Directional bias: Bearish historical bias but contradicted by current flow.

Key Levels

1$100.00 gamma flip
2EM guardrails: 2d $109.60/$124.45; 1w $102.78/$131.28
3Max pain pins: $100 (2026-06-18); $105 (2026-06-26); $103 (2026-07-02)

Flow Highlights

Large put buys at $112 and $114 (22x and 6x OI) suggest hedging or bearish bets.

Mixed, but overall net premium positive and volume skewed to calls.

Strategies

Short Strangle on High IV
Sell 2026-06-26 $110.00 put + sell $128.00 call
Credit: $6.50-$7.95
Max loss: Unlimited
Max gain: $7.95
BE: 102.05 / 135.95
Trigger: Close at 50% max gain if IV drops; monitor gamma risk near $100.
High near-term IV (85%+) and low historical beat rate (20%) favor premium sellers. Backwardated term structure supports decay.
Outperforms: Sell $110 put and $128 call, capturing premium with defined credit, targeting IV crush.
Underperforms: Break outside short strikes invalidates short-vol thesis.
Call Calendar on Elevated Front IV
Sell 2026-06-26 $120.00 call / buy 2026-07-17 $120.00 call
Debit: $4.30-$5.25
Max loss: $5.25
Max gain: Variable
BE: Path-dependent
Trigger: Adjust strikes if price moves above $120; exit at 30% of max loss or expiration.
Backwardated term structure makes front-month options overpriced relative to back-month; calendar profits from time decay and IV contraction.
Outperforms: Short front $120 call, long back $120 call, theta positive with defined risk.
Underperforms: Loss of support or adverse vol term shift weakens thesis.

Risk Assessment

!High IV leaves little edge for buyers.
!Spot 17% above max pain ($100) suggests pinning risk.
!Low historical beat rate increases uncertainty.

What to Watch

?$100 gamma flip level.
?$130-$150 call resistance.
?Any earnings date announcement.
How to Use These Reports
This earnings 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.