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NVDA

NVIDIA CorporationClose $219.51EOD only
Max Pain
$215.00
Next expiry May 22, 2026
Expected Move
±$4.50
2.0% from close
Price Gap
-4.51
Distance to max pain
IV Rank
40
Middle-high premium
P/C OI
0.80
Slightly call-heavy
Consensus
8.5/10
Bullish tilt
Published snapshot: May 21, 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
May 21, 2026 close
NVDA Earnings Report
Analysis based on market close May 22, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

NVDA earnings setup with strong bullish flow, low VIX, 100% beat rate. Max pain $215-$220. Confidence 9/10.

Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.2% from MP; +1 VIX 17
Most important: 100% beat rate and aggressive call buying at $217.5-$220 imply upside bias. IV crush likely but capped by large call OI.
💰Net $367M bullish flow shows confidence.
⚡43x vol/OI at $217.5 call 5/26 expiration.
📊100% beat rate over 5 quarters.
⚠️IV crush expected; premium decay risk.

Regime Classification

Vol Regime
High
Gamma Regime
Pinning
Flow Regime
Bullish
Spot vs MP
At

Earnings Overview

Expected moves:

  • 2026-05-26 (4d): ±$4.51 (2.1%)
  • 2026-05-27 (5d): ±$6.18 (2.9%)
  • 2026-05-29 (7d): ±$8.42 (3.9%)

IV Setup

Term structure: Upward sloping; expected moves 2.1% (4d) to 3.9% (7d).

Crush estimate: Sharp drop; SVI contracts 50-70% post-event.

Skew: Calls trading rich vs puts; heavy OTM call activity.

Historical Context

Beat rate: 100% (5/5 quarters)

Avg move vs expected: Average move within expected range historically.

Directional bias: Bullish given 100% beat rate.

Key Levels

1EM guardrails: 1w $209.15/$221.51
2Max pain pins: $215 (2026-05-22); $220 (2026-05-26); $225 (2026-05-27)

Flow Highlights

Massive call buying at $217.5 and $220 on 5/22 and 5/26 expirations.

Aggressive bullish positioning ahead of earnings, targeting >$220.

Net premium $367M; put/call volume ratio 0.48.

Overwhelming call dominance; bearish activity minimal.

Strategies

Bull Call Spread
Buy 2026-05-29 $210.00/$220.00 call spread
Debit: $4.67-$5.71
Max loss: $5.71
Max gain: $4.29
BE: $215.71
Trigger: Close at 50% of max gain or if stock drops below $210 before earnings.
Best aligns with bullish bias and high beat rate; defined risk limits loss.
Outperforms: Captures upside from earnings beat with capped max loss.
Underperforms: Loss of support weakens upside continuation thesis.
Call Diagonal
Sell 2026-05-29 $220.00 call / buy 2026-06-18 $214.00 call
Debit: $6.38-$7.80
Max loss: $7.80
Max gain: Variable
BE: Path-dependent
Trigger: Adjust if stock moves below $215; consider early close if IV collapses.
Leverages upward term structure and IV crush; can profit from time decay.
Outperforms: Sells near-term call, buys later call to benefit from volatility skew.
Underperforms: Loss of support or adverse vol term shift weakens thesis.
Long Strangle
Buy 2026-05-29 $210.00 put + buy $222.50 call
Debit: $3.45-$4.22
Max loss: $4.22
Max gain: Unlimited
BE: 205.78 / 226.72
Trigger: Set stop loss at 50% of premium if stock stays within $210-$222.50.
Protects against tail risk but less efficient given bullish bias.
Outperforms: Non-directional play that profits from large move either way.
Underperforms: Insufficient realized move reduces long-strangle edge.

Risk Assessment

!Earnings miss sharp reversal despite historical beat rate.
!IV crush erodes option premiums, especially short-dated.
!Pin risk at max pain $215-$220.
!Large call OI wall $230-$250 may cap upside.

What to Watch

?Earnings print and guidance vs consensus.
?Price relative to $215 support and $220 resistance.
?Post-earnings IV collapse and gamma flip.
?Unusual put activity if downside hedging emerges.
How to Use These Reports
This earnings 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.