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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
46
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 Earnings Report
Analysis based on market close June 17, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

Event with 4.6% implied move, low beat rate (20%) suggests downside risk. Heavy put buying indicates bearish sentiment.

Confidence:
7.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 15.2% from MP; +0.5 VIX 18
Most important: Heavy put activity and low beat rate point to potential negative surprise.
⚠️Heavy put buying at $116 and $119 suggests smart money hedging bearish outcome.
📊Historical beat rate of 20% indicates low probability of upside surprise.

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 56,711 (13.2% below spot)

Earnings Overview

Expected moves:

  • 2026-06-18 (1d): ±$5.36 (4.6%)
  • 2026-06-26 (9d): ±$13.20 (11.5%)
  • 2026-07-02 (15d): ±$16.70 (14.5%)

IV Setup

Term structure: Steep contango: 1d IV ~77%, 9d ~88%, 15d ~93%.

Crush estimate: Expected move 4.6%, IV likely drops to ~40-50% post-event.

Skew: Put skew elevated on near-dated strikes, especially $116 and $119.

Historical Context

Beat rate: 20% (1/5 quarters)

Avg move vs expected: Beat rate 20% suggests downside moves often exceed expectations.

Directional bias: Bearish based on low beat rate.

Key Levels

1$100.00 gamma flip
2EM guardrails: 2d $109.85/$120.56; 1w $102.01/$128.41
3Max pain pins: $100 (2026-06-18); $105 (2026-06-26); $105 (2026-07-02)

Flow Highlights

6815 vol on 6/18 $116 put vs 370 OI (18.4x).

Aggressive put buying suggests hedging or bearish anticipation.

2544 vol on 6/18 $123 call vs 541 OI (4.7x).

Speculative upside bets, but smaller relative to put activity.

Strategies

Long Put $120
Buy 2026-06-26 $120.00 put
Debit: $8.28-$10.12
Max loss: $10.12
Max gain: $109.88
BE: $109.88
Trigger: Exit if stock holds above $120 resistance.
Low beat rate (20%) and heavy put buying suggest downside; 4.6% implied move supports bearish bet.
Outperforms: Captures downside surprise with defined risk.
Underperforms: Break above resistance weakens downside thesis.

Risk Assessment

!High implied move (4.6%) vs low beat rate increases downside risk.
!Put floor at $62-$100 may break if stock gaps below $100.

What to Watch

?Price action near $100 max pain and $120 resistance.
?Confirmation of put flow, especially if stock opens down.
How to Use These Reports
This earnings 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.