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CRWV

CoreWeave, Inc.Close $86.46EOD only
Max Pain
$93.00
Next expiry Jul 10, 2026
Expected Move
±$7.20
8.3% from close
Price Gap
+6.54
Distance to max pain
IV Rank
14
Low premium
P/C OI
0.94
Balanced positioning
Consensus
6.5/10
Bullish tilt
Published snapshot: Jul 6, 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
Jul 6, 2026 close
CRWV Theta Report
Analysis based on market close May 22, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from May 22, 2026. A newer theta report is available for June 18, 2026.

View latest report

Theta Verdict

Attractiveness7 / 10
Sizing: Moderate
Primary: Put credit spreads at support
Invalidation: Break below gamma flip $100
Confidence:
7 / 10
base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); +1 spot 0.5% from MP; +1 VIX 17

IV Environment

IV Regime
High
IV vs VIX
IV 86.7% vs VIX 16.7: rich
Favorable?
Yes

Term structure: Steep backwardation 0d-7d, then contango ~80-85%

📈High IV above VIX favors premium selling, but pin risk at $105

Pin Risk Assessment

Spot vs MP: At

GEX regime: Pinning ($+22.1M)

Gamma flip: ~$100.00 — Approx — based on put OI concentration of 32,165 (5.2% below spot)

OI concentrations: Heavy put OI $100-$105, call wall $120-$150

Verdict: Moderate pin risk, gamma flip at $100

Premium Opportunities

#1
Put credit spread
Sell 2026-06-18 $100.00/$97.50 put spread
Sell 2026-06-18 $100/$97.5 put spread to collect premium
Credit: $0.72-$0.88
Max loss: $1.62
BE: $99.12
Mgmt: Exit if price sustains below $105
#2
Iron condor
Sell 2026-06-18 $100.00/$97.50 put wing and $110.00/$115.00 call wing
Sell 2026-06-18 $100/$97.5 put and $110/$115 call wings
Credit: $2.34-$2.86
Max loss: $2.14
BE: 97.14 / 112.86
Mgmt: Adjust wings if price approaches boundaries

Risk Alerts

!Large put OI below spot may pin price
!Dealer long gamma suggests stabilization
How to Use These Reports
This theta 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.