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NVDA

NVIDIA CorporationClose $212.45EOD only

Max Pain

$205.00

Next expiry Jun 17, 2026

Expected Move

±$4.66

2.2% from close

Price Gap

-7.45

Distance to max pain

IV Rank

High premium

P/C OI

0.88

Slightly call-heavy

Consensus

7.5/10

Bullish tilt

Published snapshot: Jun 15, 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 15, 2026 close

NVDA Directional Report

Analysis based on market close June 16, 2026

Directional Theta Gang Flow Earnings Consensus

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

Outlook

Bullish multi-week thesis driven by strong dealer gamma ($+509M), bullish flow, and spot at max pain $208. VIX 16 supports moderate vol. Upside targets $210-$217.59, downside protected at $200 gamma flip.

Confidence:

9 / 10

Base 5; +2 GEX/flow aligned; +1 GEX positive pinning; +1 spot at MP; +1 VIX 16 = 9

Supports: Dealer gamma $+509M, bullish flow, spot at MP, moderate VIX
Conflicts: Resistance $207.5-$210, gamma flip at $200

💰Dealer gamma $+509M strong support

📉Resistance cluster $207.5-$210

⚠️Gamma flip risk at $200

Regime Classification

Vol Regime

Normal

Normal; VIX 16.4, NVDA IV elevated but within typical range for event-driven stock.

Gamma Regime

Pinning

Pinning; GEX $+509M, spot at max pain $208, gamma flip at $200.

Flow Regime

Bullish

Bullish; net premium positive, P/C ratio tilted to calls.

Spot vs Max Pain

At max pain $208 (17-Jun expiry).

Thesis duration: Multi-week — Bull flow and dealer positioning support multi-week move within 2-week range.

Price Range Forecast

Next 2 days

$204.06$210.77

Pinned at $208, range $204.06-$210.77

Next 1 week

$201.29$213.53

Upside bias to $213.53, support $201.29

Next 2 weeks

$197.24$217.59

Wider $197.24-$217.59, gamma flip at $200

Key Levels

Max pain pins: $208 (2026-06-17); $188 (2026-06-18); $205 (2026-06-22)

EM guardrails: 2d $204.06/$210.77; 1w $201.29/$213.53

Support: $200.00 · $197.24

Resistance: $207.50 · $210.00 · $217.59

Gamma flip: ~$200.00 — Approx — based on put OI concentration of 101,881 (3.6% below spot)

Structural: Max pain: $208 (17-Jun), $188 (18-Jun), $205 (22-Jun). Guardrails: 2d $204.06/$210.77; 1w $201.29/$213.53. Support: $200 (gamma flip), $197.24. Resistance: $207.5, $210, $217.59.

Dealer Positioning (GEX/DEX)

GEX: $+509.2M

DEX: +389.2M shares

Gamma flip: ~$200 (Approx — based on put OI concentration of 101,881 (3.6% below spot))

NTM gamma: GEX $+509.2M, DEX +389.2M shares. Gamma flip at ~$200 (put OI concentration).

IV Analysis

IV vs VIX: NVDA IV elevated vs VIX due to high beta and event risk, but not extreme.

Term structure: Relatively flat, slight contango; near-term events cause kinks near expiries.

Skew: Skew favors puts; call overwriting attractive for yield.

Flow Analysis

Net premium: Net $204M premium bullish but contradicted by heavy unusual put buying (36x vol/OI). Possibly hedging. P/C vol 0.669, OI 0.871 suggest net call buying.

Directional prints: 27 call 210 OTM 2026-06-17 — Vol 151k vs OI 9.7k (15.5x), bought heavily, bullish. 27.7 call 212.5 OTM 2026-06-17 — Vol 96k vs OI 7.9k (12.2x), strong call buying, bullish.

Unusual: 27.8 put 207.5 ITM 2026-06-17 — Vol 150k vs OI 4.1k (36x), aggressive put buying, likely hedging or bearish. 29.1 put 205 OTM 2026-06-17 — Vol 71k vs OI 5.6k (12.7x), significant put activity, bearish tilt. 31 put 202.5 OTM 2026-06-17 — Vol 23k vs OI 2.3k (9.9x), elevated put volume, cautionary.

Risks & Catalysts

!Gamma flip below $200

!Resistance at $207.5-$210 caps upside

!VIX spike from macro events

!Max pain pin break

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Bull call spread	Moderate-Strong	Buy 2026-07-10 $215.00/$225.00 call spread Why now: Strong dealer gamma above $210 and flow support upside.	Upside capped; max loss premium if drop below short strike.
Put credit spread	Moderate	Sell 2026-07-10 $200.00/$190.00 put spread Why now: Downside protected by dealer gamma and max pain; collect premium.	If price drops below sold put, losses mount.
Long call	Moderate	Buy 2026-07-17 $220.00 call Why now: Dealer gamma supporting upside; bullish flow.	Time decay if move doesn't materialize quickly.

Top Plays

Bull Call Spread

Buy 2026-07-10 $215.00/$225.00 call spread

Buy $215/$225 call spread for upside with capped loss.

Why this play: Best aligns with bullish thesis, defined risk, strong dealer gamma support above $210.

Debit: $2.22-$2.71

Max loss: $2.71

BE: $217.71

Mgmt: Exit at target $217.59 or if spot breaks below $200.

Traders seeking leveraged upside with limited risk.

Long Call

Buy 2026-07-17 $220.00 call

Buy $220 call for pure bullish exposure.

Why this play: Unlimited upside potential if rally continues, but higher premium and risk.

Debit: $3.74-$4.57

Max loss: $4.57

BE: $224.57

Mgmt: Set stop-loss at $200; consider rolling if theta decay accelerates.

Aggressive traders comfortable with higher premium and time decay.

Put Credit Spread

Sell 2026-07-10 $200.00/$190.00 put spread

Sell $200/$190 put spread for income.

Why this play: Collects premium with downside protection, but less aligned with bullish bias.

Credit: $2.10-$2.57

Max loss: $7.43

BE: $197.43

Mgmt: Close if spot drops below $200 to avoid max loss.

Neutral-to-bullish traders seeking income.

Watchlist Triggers

Entry Triggers

IFNVDA holds above $200 and breaks above $207.5 → Enter Bull Call Spread (buy 2026-07-10 $215/$225 call spread) within $2.22-$2.71

IFNVDA pulls back to $200 support but holds, with bullish momentum → Enter Put Credit Spread (sell 2026-07-10 $200/$190 put spread) for income near $2.10-$2.57

Exit Triggers

EXITNVDA closes below $200 → Exit all positions: Bull Call Spread, Put Credit Spread, Long Call

Tactical Summary

Bullish multi-week thesis: dealer gamma support at $200, resistance at $207.5/$210. Top play: Bull Call Spread to $217.59. Risk: gamma flip below $200. Exit all if $200 breaks. Monitor VIX and resistance.

How to Use These Reports

This directional 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.