thetaOwl

CRWV

CoreWeave, Inc.Close $100.55EOD only
Max Pain
$100.00
Next expiry Jun 18, 2026
Expected Move
±$9.52
9.5% from close
Price Gap
-0.55
Distance to max pain
IV Rank
28
Middle-high premium
P/C OI
0.86
Slightly call-heavy
Consensus
7.5/10
Bullish tilt
Published snapshot: Jun 12, 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 12, 2026 close
CRWV Flow Report
Analysis based on market close June 12, 2026

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

Flow Verdict

BiasBullish
Confirmation: Continued heavy OTM call buying and spot holding above gamma flip at 100
Invalidation: Break below 100 or surge in put volume
Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.6% from MP; +1 VIX 18

Watch next session: Spot holds above gamma flip; Further OTM call volume

Flow Summary

Net premium: +$25.1M bullish

P/C volume ratio: 0.37

P/C OI ratio: 0.86

Heavy OTM call buying, especially at $105, drives $25M net premium and strong positive GEX. Spot at max pain with pinning, but bullish flow suggests upside bias. High VIX but call activity dominates.

Notable Prints

#1
CRWV 2026-06-12 $103.00 Call
Vol: 15,578
OI: 1,258
Vol/OI: 12.4x
IV: 22.7%
Notional: ~$16K
Intent: Bullish opening

Read-through: Target $103

#2
CRWV 2026-06-12 $104.00 Call
Vol: 11,893
OI: 1,014
Vol/OI: 11.7x
IV: 30.5%
Notional: ~$12K
Intent: Bullish opening

Read-through: Target $104

#3
CRWV 2026-06-12 $102.00 Call
Vol: 10,460
OI: 1,033
Vol/OI: 10.1x
IV: 14.8%
Notional: ~$21K
Intent: Bullish opening

Read-through: Target $102

#4
CRWV 2026-07-02 $110.00 Call
Vol: 1,696
OI: 205
Vol/OI: 8.3x
IV: 87.6%
Notional: ~$806K
Intent: Bullish longer-term

Read-through: Expects $110 by July

#5
CRWV 2026-06-12 $107.00 Call
Vol: 5,171
OI: 766
Vol/OI: 6.8x
IV: 51.6%
Notional: ~$5K
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Heavy OTM call buying at $103-$108; $105 call 30.5k vol vs 5.1k OI

Put additions: Modest put activity at $101 and $103; put/call OI ratio 0.86

GEX/DEX consistency: Consistent: GEX +$21.5M, DEX +45M shares, bullish flow regime

OI clusters: Largest OI: $105 call (5,097), $106 call (1,861), $108 call (1,382)

Hedging evidence: Limited put hedging; some tail protection at $101 and $103

Max pain context: Spot ~0.6% from max pain; regime 'At' indicates pinning

Signal vs Noise

~Signal: vol/OI ratios >6x on OTM calls indicate aggressive bullish flow
~Noise: $103 put vol 3.8k but OI low; likely retail hedging
~Signal: Jul 2 $110 call high IV, possible catalyst speculation
~Noise: most prints are weekly expiry, may be day traders

Key Conclusions

📈Institutions buying OTM calls aggressively; 12.4x vol/OI at $103 call
⚠️Gamma flip at $100; high GEX pinning near MP; downside protected
How to Use These Reports
This flow reflects the market close on June 12, 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.