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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 May 22, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

7 / 10

base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); +1 spot 0.5% from MP; +1 VIX 17

Watch next session: $100 gamma flip; Unusual put prints at $89-$91; Expiring $108 and $105 call activity

Flow Summary

Net premium: -$4.7M bearish

P/C volume ratio: 1.13

P/C OI ratio: 0.93

Mixed flow: heavy put buying vs positive gamma pinning. Net premium negative, high put OI below spot suggests hedging. Price may pin or drift to $100 gamma flip. Bearish prints but pinning limits downside.

Notable Prints

CRWV 2026-05-29 $89.00 Put

Vol: 2,294

OI: 253

Vol/OI: 9.1x

IV: 91.5%

Notional: ~$145K

Intent: Bearish hedging

Dual read: Volatility play

Read-through: Expects break below 89 by 5/29

CRWV 2026-05-29 $112.00 Call

Vol: 1,957

OI: 283

Vol/OI: 6.9x

IV: 69.8%

Notional: ~$397K

Intent: Bullish speculation

Dual read: Covered call writing

Read-through: Anticipates move above 112 by 5/29

CRWV 2026-05-29 $91.00 Put

Vol: 1,692

OI: 290

Vol/OI: 5.8x

IV: 86.6%

Notional: ~$127K

Intent: Protective put

Dual read: Volatility capture

Read-through: Hedging downside to 91

CRWV 2026-05-22 $108.00 Call

Vol: 6,477

OI: 1,412

Vol/OI: 4.6x

IV: 25.0%

Notional: ~$6K

Intent: Mispricing exploitation

Dual read: Zero-day speculation

Read-through: Low IV, likely expiring worthless

CRWV 2026-05-29 $90.00 Put

Vol: 9,146

OI: 2,050

Vol/OI: 4.5x

IV: 88.4%

Notional: ~$622K

Intent: Large bearish position

Dual read: Volatility selling

Read-through: Heavy put buying at 90, key support

Institutional Positioning

Call additions: May29 $112C call added; May22 $105C call closing.

Put additions: Heavy May29 puts: $90P (9146), $89P (2294), $91P (1692); also Jun5 strikes.

GEX/DEX consistency: GEX+ $22.1M (pinning), DEX+ 42.6M shares (long delta). Flow mixed with heavy puts.

OI clusters: Put OI cluster ~$90 (2050); May22 $105C OI 2738 expiring.

Hedging evidence: May29 puts as downside hedges; likely protective collars.

Max pain context: Spot at MP; GEX positive supports pinning.

Signal vs Noise

~Heavy put accumulation at May29 $90-91 strikes signals downside hedging.

~Positive GEX and DEX consistent with pinning at max pain.

~Today's expiration volume large but near zero premium - closing trades, not new.

~Low IV on May22 vs high on May29 reflects time premium.

Key Conclusions

🛡️Institutions loading May29 puts as downside hedge; spot at MP with positive GEX.

🧲Pinning likely; GEX+ $22.1M, spot 0.5% from MP, VIX 17.

💰Net premium -$4.7M favors puts; flow mixed but put skew steep.

How to Use These Reports

This flow reflects the market close on May 22, 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.