Home Options NVDAReports

NVDA

NVIDIA CorporationClose $208.19EOD only

Max Pain

$210.00

Next expiry Jun 10, 2026

Expected Move

±$4.05

1.9% from close

Price Gap

+1.81

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.85

Slightly call-heavy

Consensus

8.5/10

Bullish tilt

Published snapshot: Jun 9, 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 9, 2026 close

NVDA Directional Report

Analysis based on market close June 9, 2026

Directional Theta Gang Flow Earnings Consensus

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

Outlook

NVDA exhibits strong dealer gamma pinning at $210 with bullish flow, supporting a range-bound bullish bias into June expiration. The VIX at ~20 keeps vol normal, while spot near max pain suggests mean-reversion. Key risk is a break below $200 gamma flip.

Confidence:

9 / 10

High confidence (9/10) driven by strong GEX/flow alignment (+2), gamma pinning (+1), spot near MP (+1), and low VIX (+0.5). Base 5 adjusted upward.

Supports: Dealer gamma $433M, bullish flow, pinning at $210, vol normal
Conflicts: QQQ down 1.15%, broader tech weakness, gamma flip at $200

🟢Dealer gamma $433M supports pinning at $210

🟢Bullish flow indicates institutional buying

⚠️Gamma flip at $200 is key downside risk

🔵Spot 0.9% from MP, pinning likely into expiry

Regime Classification

Vol Regime

Normal

IV ~20% inline with VIX, normal range, no vol stress

Gamma Regime

Pinning

Positive GEX $433.8M, pinning at $210, gamma flip at $200

Flow Regime

Bullish

Bullish net premium flows, low P/C ratio

Spot vs Max Pain

Spot ~$208, 0.9% from max pain $210, strong pinning

Thesis duration: Event-specific — Pinning dynamics and expiry on June 10/12/15 make short-term thesis appropriate

Price Range Forecast

Next 2 days

$204.14$212.24

Range-bound between $204-$212, pinning at $210

Next 1 week

$199.82$216.57

Expiry support, gamma flip caps downside

Next 2 weeks

$196.27$220.12

Theta decay, vol compression favors drift up

Key Levels

Max pain pins: $210 (2026-06-10); $210 (2026-06-12); $210 (2026-06-15)

EM guardrails: 2d $204.14/$212.24; 1w $199.82/$216.57

Support: $200.00 · $196.27

Resistance: $210.00 · $220.00 · $220.12

Gamma flip: ~$200.00 — Approx — based on put OI concentration of 99,960 (3.9% below spot)

Structural: Support $200 and $196; Resistance $210 and $220; Gamma flip at $200

Dealer Positioning (GEX/DEX)

GEX: $+433.8M

DEX: +395.8M shares

Gamma flip: ~$200 (Approx — based on put OI concentration of 99,960 (3.9% below spot))

NTM gamma: GEX +$433.8M, DEX +395.8M shares, flip at $200

IV Analysis

IV vs VIX: IV ~20% inline with VIX (~20), neither rich nor cheap

Term structure: Normal upward-sloping, event kink at front expiry

Skew: Skew flat with slight call premium; no clear arb

Flow Analysis

Net premium: Net call premium of $672M with P/C vol ratio 0.67, indicating strong bullish flow.

Directional prints: 35 call 205 ITM 2026-06-10 — Vol/OI 94.4 (125k vs 1.3k OI), likely bought; OTM call targeting upside. 45.8 call 202.5 ITM 2026-06-10 — Vol/OI 58.3 (45k vs 772 OI), likely bought; ITM call for directional exposure. 33 call 207.5 ITM 2026-06-10 — Vol/OI 35.3 (155k vs 4.4k OI), likely bought; OTM call for gain.

Unusual: 35 call 205 ITM 2026-06-10 — Extreme vol/OI (94.4) on 0DTE OTM call; aggressive bullish bet. 45.8 call 202.5 ITM 2026-06-10 — High vol/OI (58.3) on ITM call; unusual concentration. 33 call 207.5 ITM 2026-06-10 — Large volume (155k) with moderate vol/OI (35.3); unusual size.

Risks & Catalysts

!Break below $200 gamma flip triggers sell-off

!Failure to hold $210 resistance leads to retest of range lows

!Broader tech weakness from QQQ -1.15% spreads

!Vol expansion if VIX spikes above 22

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Put credit spread	Strong	Sell 2026-08-21 $200.00/$195.00 put spread Why now: Dealer gamma at $210 and bullish prints suggest limited downside; premium collection with defined risk.	Break below $200 triggers gamma flip; max loss if spot below short strike.
Bull call spread	Moderate-Strong	Buy 2026-08-21 $210.00/$215.00 call spread Why now: OTM call flow and low volatility favor a defined-risk bullish bet ahead of potential breakout.	If $210 fails, spread decays; max loss is net debit.
Bullish risk reversal	Moderate	Buy 2026-08-21 $210.00 call / sell 2026-08-21 $200.00 put Why now: Net call premium and low put demand allow cheap upside; risk below $200.	Downside risk if spot drops below short put strike; undefined loss on short put.

Top Plays

Defined-Risk Income Play

Sell 2026-08-21 $200.00/$195.00 put spread

Sell $200/$195 put spread to profit from limited downside and time decay.

Why this play: Best alignment with neutral-bullish range bias; collects premium near strong gamma support at $200.

Credit: $1.71-$2.09

Max loss: $2.91

BE: $197.91

Mgmt: Exit if NVDA breaks below $200; otherwise hold to expiration.

Income-focused traders seeking defined risk.

Upside Breakout Play

Buy 2026-08-21 $210.00/$215.00 call spread

Buy $210/$215 call spread to capture upside on potential breakout.

Why this play: Leverages bullish flow and OTM call prints with defined risk; targets $215 resistance.

Debit: $2.05-$2.50

Max loss: $2.50

BE: $212.50

Mgmt: Close if stock falls below $200 or at 50% of max gain.

Directional bulls expecting a move higher.

Aggressive Bullish Play

Buy 2026-08-21 $210.00 call / sell 2026-08-21 $200.00 put

Buy $210 call, sell $200 put to finance upside at cost of put risk.

Why this play: Cheapest upside exposure but carries unlimited downside risk; less suitable for range-bound view.

Debit: $4.16-$5.09

Max loss: $200.00

BE: $200.00

Mgmt: Close immediately if NVDA breaches $200 to limit losses.

Aggressive traders with high conviction and risk tolerance.

Watchlist Triggers

Entry Triggers

IFNVDA trades between $200 and $210, no break below $200 → Sell $200/$195 put spread for ~$1.90 credit

IFNVDA holds $200 support and breaks above $210 → Buy $210/$215 call spread for ~$2.27 debit

Exit Triggers

EXITNVDA closes below $200 → Close all positions immediately

Tactical Summary

Range-bound bullish bias, gamma pin $210. Support $200, resistance $210/$220. Favor put credit spread or bull call spread. Exit if $200 broken.

How to Use These Reports

This directional reflects the market close on June 9, 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.