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CRWV

CoreWeave, Inc.Close $117.95EOD only
Max Pain
$110.00
Next expiry Jun 26, 2026
Expected Move
±$12.00
10.2% from close
Price Gap
-7.95
Distance to max pain
IV Rank
88
High premium
P/C OI
0.91
Balanced positioning
Consensus
6.5/10
Bullish tilt
Published snapshot: Jun 18, 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 18, 2026 close
CRWV Earnings Report
Analysis based on market close June 18, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

High IV, bullish flow, pinning gamma near upside resistance. Historical beat rate low (20%), but setup favors upside given call OI walls.

Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 17.9% from MP; +1 VIX 16
Most important: Call OI walls $130-$150 and put floor $62-$100; max pain shift to higher strikes.
💡Put OI concentration 15% below spot suggests floor near $100.
⚠️Max pain for 6/26 at $110, but spot at $117.70.

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 56,281 (15.2% below spot)

Earnings Overview

Expected moves:

  • 2026-06-26 (8d): ±$12.00 (10.2%)
  • 2026-07-02 (14d): ±$16.05 (13.6%)
  • 2026-07-10 (22d): ±$18.80 (15.9%)

IV Setup

Term structure: Front-end elevated for 6/26 expiry; term structure upward sloping but skew heavy on puts.

Crush estimate: Post-event IV crush likely significant, ~50% from front-end given high vol regime.

Skew: Put skew extreme at low strikes; OTM put IVs over 90%.

Historical Context

Beat rate: 20% (1/5 quarters)

Avg move vs expected: Historical avg move vs expected: Not available; implied moves >10% suggest larger swings.

Directional bias: Bearish bias historically (1/5 beats), but current flow bullish.

Key Levels

1$100.00 gamma flip
2EM guardrails: 1w $105.95/$129.95
3Max pain pins: $100 (2026-06-18); $110 (2026-06-26); $106 (2026-07-02)

Flow Highlights

Unusual put volume on 6/18 $116-$117 strikes with low IV

Selling premium, possibly closing positions ahead of event.

Large put buying on 7/2 $91 and 7/17 $85

Hedging against downside moves beyond initial catalyst.

Strategies

Long Strangle
Buy 2026-06-26 $110.00 put + buy $125.00 call
Debit: $5.53-$6.75
Max loss: $6.75
Max gain: Unlimited
BE: 103.25 / 131.75
Trigger: Monitor spot near 120 & 130; exit if IV collapses or price breaches walls.
Cheaper than straddle, profits from large move either way; aligns with high IV and bullish flow despite low historical beat rate.
Outperforms: Buy 110 put & 125 call for 6/26; benefits from volatility expansion post-earnings.
Underperforms: Insufficient realized move reduces long-strangle edge.
Long Straddle
Buy 2026-07-17 $115.00 put + buy $115.00 call
Debit: $20.20-$24.70
Max loss: $24.70
Max gain: Unlimited
BE: 90.30 / 139.70
Trigger: Watch for price at 115; exit after IV crush or big move.
Captures gamma if move is extreme; higher cost but no directional bias.
Outperforms: Buy 115 put & 115 call for 7/17; profits from volatility spike and large swing.
Underperforms: Under-realized move and IV crush hurt long-vol thesis.

Risk Assessment

!Earnings date uncertainty; implied moves large but historical beat rate low.
!High IV may compress rapidly post-event.
!Spot near resistance $120 and call wall $130.

What to Watch

?Price action around $120 and $130 call walls.
?Put OI shifts on $116 and $117 expiries.
?Any late earnings confirmation.
How to Use These Reports
This earnings reflects the market close on June 18, 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.