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CRWV

CoreWeave, Inc.Close $107.58EOD only

Max Pain

$105.00

Next expiry May 22, 2026

Expected Move

±$4.02

3.7% from close

Price Gap

-2.58

Distance to max pain

IV Rank

Low premium

P/C OI

0.94

Balanced positioning

Consensus

7.5/10

Bullish tilt

Published snapshot: May 21, 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 21, 2026 close

CRWV Flow Report

Analysis based on market close April 6, 2026

Directional Theta Gang Flow Earnings Consensus

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

You are viewing an older report from April 6, 2026. A newer flow report is available for May 14, 2026.

View latest report

Flow Verdict

Confidence:

5.5 / 10

base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); +0.5 spot 1.2% from MP

Watch next session: $85.00 GEX pin magnet; Put flow at $70.00-$75.00

Flow Summary

Net premium: -$15.7M bearish

P/C volume ratio: 1.18 — put-dominant

P/C OI ratio: 1.03 — neutral

Net premium is bearish with put-dominant volume, but open interest is balanced and positive GEX suggests pinning pressure near $80-$85. The flow is mixed with institutional hedging against downside.

Notable Prints

CRWV 2026-05-01 $75.00 Put

Vol: 1,868

OI: 147

Vol/OI: 12.7x

IV: 89.5%

Notional: ~$859,280

Intent: Fresh directional put buying for downside protection

Dual read: Bought (bearish) or sold/covered (neutral)

Read-through: Consistent with bearish flow regime and hedging ahead of earnings

CRWV 2026-04-10 $83.00 Call

Vol: 2,920

OI: 1,496

Vol/OI: 1.9x

IV: 92.6%

Notional: ~$648,240

Intent: Short-term directional call buying targeting upside

Dual read: Bought (bullish) or sold/overwritten (neutral)

Read-through: Contradicts bearish flow but aligns with positive GEX pinning near $85

CRWV 2026-04-24 $94.00 Call

Vol: 718

OI: 144

Vol/OI: 5.0x

IV: 81.7%

Notional: ~$1,385,740

Intent: Lottery ticket call buying for breakout

Dual read: Bought (bullish) or sold/overwritten (neutral)

Read-through: Low probability bet but large notional suggests speculative upside interest

CRWV 2026-04-17 $64.00 Put

Vol: 990

OI: 315

Vol/OI: 3.1x

IV: 101.4%

Notional: ~$564,300

Intent: Hedging or speculative put buying for deeper downside

Dual read: Bought (bearish) or sold/covered (neutral)

Read-through: Aligns with bearish flow and put OI clusters at $64-$70

CRWV 2026-04-10 $79.00 Put

Vol: 1,111

OI: 643

Vol/OI: 1.7x

IV: 94.7%

Notional: ~$254,419

Intent: Near-term protective put buying

Dual read: Bought (bearish) or sold/covered (neutral)

Read-through: Supports bearish flow with spot near $80.94

Institutional Positioning

Call additions: $83.00-$94.00 calls in April expirations, speculative size

Put additions: $64.00-$75.00 puts across April-May, larger notional

GEX/DEX consistency: No — positive GEX (+$7.2M) contradicts bearish flow (-$15.7M net premium)

OI clusters: $70.00 put wall (43,976 OI), $100.00 call wall (45,595 OI)

Hedging evidence: Yes — large put OI at $64.00-$70.00 and put buying in unusual activity

Max pain context: MP at $80.00 (4/10), $82.00 (4/17), $83.00 (4/24); spot drifting toward pins

Signal vs Noise

~$70.00 ITM call volume (177) is low and likely assignment/hedging, not directional

~High IV (88.7% avg) suggests volatility premium, not pure directional flow

~Some near-term put/call flow may be rolling ahead of April expirations

Key Conclusions

🐻Net premium -$15.7M with put-dominant volume (P/C 1.18)

📌Positive GEX (+$7.2M) creates pinning pressure near $85.00

🛡️Institutional hedging evident with large put OI at $64.00-$70.00

How to Use These Reports

This flow reflects the market close on April 6, 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.