thetaOwl

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 Flow Report
Analysis based on market close May 14, 2026

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

Flow Verdict

BiasBullish
Confirmation: Spot holds above $100 gamma flip with continued call buying.
Invalidation: Spot drops below $100 with rising put volume.
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

Watch next session: $100 gamma flip; $92 put wall; $175 call

Flow Summary

Net premium: +$65.1M bullish

P/C volume ratio: 0.71

P/C OI ratio: 0.95

Bullish flow, net premium +$65M, positive gamma. Unusual put buying at low strikes likely hedging. VIX elevated, risk-on. Confirmation above $100.

Notable Prints

#1
CRWV 2026-05-22 $92.00 Put
Vol: 5,407
OI: 185
Vol/OI: 29.2x
IV: 109.0%
Notional: ~$465K
Intent: Bearish bet or hedge

Read-through: Volume 29x OI, aggressive put buying

#2
CRWV 2026-05-29 $175.00 Call
Vol: 3,822
OI: 297
Vol/OI: 12.9x
IV: 99.6%
Notional: ~$80K
Intent: Bullish speculation
Dual read: Covered call? Unlikely given low price.

Read-through: Far OTM call volume spikes

#3
CRWV 2026-05-22 $88.00 Put
Vol: 5,087
OI: 426
Vol/OI: 11.9x
IV: 114.6%
Notional: ~$341K
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

#4
CRWV 2026-05-22 $87.00 Put
Vol: 2,491
OI: 228
Vol/OI: 10.9x
IV: 115.1%
Notional: ~$135K
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

#5
CRWV 2026-05-22 $126.00 Call
Vol: 598
OI: 100
Vol/OI: 6.0x
IV: 90.8%
Notional: ~$150K
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Adding calls at $175, $126, $117, $116 strikes; OI rising.

Put additions: Adding puts at $92, $90, $88, $87; $90 put OI 4.2k.

GEX/DEX consistency: Bullish: GEX +$68.9M, DEX +49.9M, flow aligned.

OI clusters: Largest put OI at $90 (4.2k) and $105 (1.7k); call clusters at $126, $117.

Hedging evidence: Put additions at $87-92 suggest downside hedging.

Max pain context: Spot above MP; gamma pinning near $100 support.

Signal vs Noise

~Signal: heavy put volume at $90 (10.4k vol, 4.2k OI), call additions at near-term strikes.
~Noise: isolated prints like $175 call (low OI) and small vol.

Key Conclusions

🐂Bullish flow: net premium +$65M, put/call vol 0.71
⚠️Gamma pinning near $100; put OI support
📊Put buying at $87-92 likely hedging, not bearish
How to Use These Reports
This flow 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.