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NVDA

NVIDIA CorporationClose $214.75EOD only

Max Pain

$215.00

Next expiry Jun 5, 2026

Expected Move

±$5.59

2.6% from close

Price Gap

+0.25

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.82

Slightly call-heavy

Consensus

8.5/10

Bullish tilt

Published snapshot: Jun 3, 2026 close

End-of-day snapshot

This page reflects NVDA options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot

Jun 3, 2026 close

NVDA Directional Report

Analysis based on market close June 4, 2026

Directional Theta Gang Flow Earnings Consensus

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

Outlook

Bullish NVDA: GEX+$820M pins $215, flow bullish, spot>MP. VIX15 supports $220. High conf.

Confidence:

9 / 10

Base5+2GEX/flow+1pinning+0.5spot+1VIX=9

Supports: GEX+$820M, bullish flow, spot>$215MP, VIX15
Conflicts: QQQ-0.48%, res$220/$225, flip$200

📌GEX pins $215

💰Flow positive

📈Spot>MP

Regime Classification

Vol Regime

Normal

IV normal, VIX15

Gamma Regime

Pinning

GEX+$820M positive, flip $200

Flow Regime

Bullish

Net bullish

Spot vs Max Pain

Above

Spot+1.7% above $215MP

Thesis duration: Event-specific — MP$215 Jun5/8/10, flip$200

Price Range Forecast

Next 2 days

$215.11$222.22

Sup$215.11, res$222.22

Next 1 week

$210.99$226.34

Sup$210.99, res$226.34

Next 2 weeks

$205.71$231.61

Sup$205.71, res$231.61; flip$200

Key Levels

Max pain pins: $215 (2026-06-05); $215 (2026-06-08); $215 (2026-06-10)

EM guardrails: 2d $215.11/$222.22; 1w $210.99/$226.34

Support: $215.00 · $205.71 · $200.00

Resistance: $220.00 · $225.00 · $230.00

Gamma flip: ~$200.00 — Approx — based on put OI concentration of 98,348 (8.5% below spot)

Structural: MP$215; EM 2d$215.11/222.22, 1w$210.99/226.34; sup$215/205.71/200; res$220/225/230; flip$200

Dealer Positioning (GEX/DEX)

GEX: $+820.4M

DEX: +416.4M shares

Gamma flip: ~$200 (Approx — based on put OI concentration of 98,348 (8.5% below spot))

NTM gamma: Long gamma+$820M, delta+416M; flip~$200

IV Analysis

IV vs VIX: IV rich vs VIX15 for weeklies

Term structure: Near-dated elevated, flat further

Skew: Put skew at $200; sell put spreads

Flow Analysis

Net premium: Net premium $1.26B call-heavy (P/C vol 0.47) reflects strong bullish directional flow.

Directional prints: 27.8 call 220 OTM 2026-06-05 — Vol/OI 7.0; massive volume likely opening bullish bets; bought, supports upside. 29.1 put 212.5 OTM 2026-06-05 — Vol/OI 9.6; large put volume may be hedging or bearish; possible sold against stock. 26.9 call 220 OTM 2026-06-08 — Vol/OI 5.8; continued call activity; likely bought, reinforces bullish view.

Unusual: 61.5 put 185 OTM 2026-06-08 — Vol/OI 10.9; deep OTM put with high IV; likely speculative, bought as lottery hedge. 38 call 232.5 OTM 2026-06-12 — Vol/OI 10.4; large OTM call volume; likely bought for upside leverage.

Risks & Catalysts

!Below$200 flips gamma

!QQQ drag

!Res$220/$225

!Macro shock

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Bull call spread	Strong	Buy 2026-06-12 $220.00/$222.50 call spread Why now: Heavy call flow, GEX pin at $215, VIX low, high confidence for drift	Time decay if flat; resistance at $220/$225
Long call	Strong	Buy 2026-06-12 $220.00 call Why now: High call volume, OI surge at 220C, bullish flow	Fully exposed to downside; IV crush after earnings
Bullish risk reversal	Strong	Buy 2026-06-12 $220.00 call / sell 2026-06-12 $215.00 put Why now: Low put volatility; GEX support at $210, upside call flow strong	If NVDA drops below $210, put assignment risk; upside cap undefined

Top Plays

Bull Call Spread

Buy 2026-06-12 $220.00/$222.50 call spread

Buy $220/$222.5 call spread to capture drift.

Why this play: Heavy call flow and GEX pin support, defined risk.

Debit: $0.88-$1.07

Max loss: $1.07

BE: $221.07

Mgmt: Exit near max gain or at invalidation below $215.

Conservative bullish with limited risk.

Long Call

Buy 2026-06-12 $220.00 call

Buy 220 call for leveraged bullish exposure.

Why this play: Strong OI surge at 220C, unlimited upside potential.

Debit: $3.83-$4.68

Max loss: $4.68

BE: $224.68

Mgmt: Set stop at $215; trail profits.

Aggressive traders seeking high convexity.

Bullish Risk Reversal

Buy 2026-06-12 $220.00 call / sell 2026-06-12 $215.00 put

Buy 220 call, sell 215 put for net premium.

Why this play: Low put vol, call flow strong, credit received.

Debit: $1.10-$1.35

Max loss: $215.00

BE: $215.00

Mgmt: Close if put delta increases; monitor gamma.

Experienced traders comfortable with put obligation.

Watchlist Triggers

Entry Triggers

IFNVDA spot holds above $215 and VIX below 15 with positive call flow → Buy 2026-06-12 $220.00/$222.50 call spread

IFNVDA spot breaks above $220 with strong volume and OI surge → Buy 2026-06-12 $220.00 call

IFNVDA spot near $215 and put volatility low → Buy 2026-06-12 $220.00 call / Sell 2026-06-12 $215.00 put

Exit Triggers

EXITNVDA spot closes below $215 → Exit all bullish positions

EXITNVDA spot breaks below $200 gamma flip → Exit all positions and consider bearish reversal

Tactical Summary

Bullish bias with strong GEX support at $215. Entry on sustained price above $215 with call flow. Risk: stop below $215; gamma flip at $200 invalidates bullish view. Monitor VIX and QQQ for confirmation.

How to Use These Reports

This directional reflects the market close on June 4, 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.