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CRWV

CoreWeave, Inc.Close $106.71EOD only
Max Pain
$100.00
Next expiry Jun 18, 2026
Expected Move
±$7.95
7.5% from close
Price Gap
-6.71
Distance to max pain
IV Rank
32
Middle-high premium
P/C OI
0.85
Slightly call-heavy
Consensus
8.0/10
Bullish tilt
Published snapshot: Jun 15, 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 15, 2026 close
CRWV Theta Report
Analysis based on market close June 16, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness8 / 10
Sizing: Moderate
Primary: Short Call Spread
Invalidation: Spot rallies above $120 resistance
Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 17.0% from MP; +1 VIX 16

IV Environment

IV Regime
High
IV vs VIX
Avg IV 93.6% vs VIX 16.4 – sharply elevated premium
Favorable?
Yes

Term structure: Term structure flat near term (87-90% IV) then rises; all well above normal

📈Rich IV premium vs VIX; pinning gamma at $100 adds tail risk

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+79.6M)

Gamma flip: ~$100.00 — Approx — based on put OI concentration of 57,164 (14.6% below spot)

OI concentrations: Put OI concentration at $100 (14.6% below spot); Call wall $130-$150; Put floor $62-$100

Verdict: Spot ~117 above max-pain; gamma flip at $100; high risk of pinning lower

Premium Opportunities

#1
Call credit spread
Sell 2026-07-17 $120.00/$125.00 call spread
Sell $120/$125 call spread to collect premium, expecting spot below $120
Credit: $1.69-$2.06
Max loss: $2.94
BE: $122.06
Mgmt: Close at 50% max profit or if spot nears $120; monitor pin risk
#2
Iron condor
Sell 2026-07-17 $110.00/$105.00 put wing and $120.00/$125.00 call wing
Sell 110/105 put and 120/125 call condor for premium, expecting range-bound price
Credit: $3.49-$4.26
Max loss: $0.74
BE: 105.74 / 124.26
Mgmt: Manage if spot breaches 110 or 120; adjust wings or close early

Risk Alerts

!Spot 17% above max pain, expect drift toward $100-$105
!2 days to expiry with high gamma – rapid IV contraction possible
!Positive dealer gamma (+$79.6M) may cap upside, but pin breakdown could accelerate
How to Use These Reports
This theta reflects the market close on June 16, 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.