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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 Theta Report
Analysis based on market close May 14, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness8 / 10
Sizing: Moderate
Primary: Short Put Spread
Invalidation: Spot breaks below $109 or VIX above 20
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

IV Environment

IV Regime
High
IV vs VIX
IV 89.7% vs VIX 17.3, extremely elevated
Favorable?
Yes

Term structure: Front spike at 8d then decay; 1d put IV 272%

📈IV far above VIX, rich premiums
⚠️1d put IV 272% extreme fear
📊Term structure favors short-term selling

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+68.9M)

Gamma flip: ~$100.00 — Approx — based on put OI concentration of 31,464 (12.4% below spot)

OI concentrations: Max pain $109 (5/15), $111 (5/22), $114 (5/29); put floor $65-$105, call wall $120-$150

Verdict: High pin risk at $109 tomorrow; gamma supports pin but spot at $112 may test $111

Premium Opportunities

#1
Put credit spread
Sell 2026-06-05 $105.00/$97.00 put spread
Sells elevated put premium with defined risk; spot above $109 provides buffer.
Credit: $2.25-$2.75
Max loss: $5.25
BE: $102.25
Mgmt: Exit if spot breaches $109 or IV collapses; take profit at 50% max gain.
#2
Iron condor
Sell 2026-06-18 $105.00/$95.00 put wing and $135.00/$150.00 call wing
Neutral strategy selling wings outside current price; captures volatility crush.
Credit: $5.28-$6.45
Max loss: $8.55
BE: 98.55 / 141.45
Mgmt: Close if spot approaches any wing or IV spikes; target 50% max profit.
#3
Covered call
Buy shares + sell 2026-06-05 $124.00 call
Holds shares and writes call at $124, collecting premium with capped upside.
Credit: $5.56-$6.79
Max loss: Stock downside to $0 less call premium
BE: $107.42
Mgmt: Roll call if spot near $120; put stop-loss at $109. Liquidity warning: Liquidity constraints: short_call: Volume below 5.

Risk Alerts

!Spot near max pain $109 for 1DTE expiration
!Extreme put IV skew warning
!Call wall at $120 may cap upside
How to Use These Reports
This theta 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.