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NVDA

NVIDIA CorporationClose $205.10EOD only
Max Pain
$215.00
Next expiry Jun 8, 2026
Expected Move
±$5.15
2.5% from close
Price Gap
+9.90
Distance to max pain
IV Rank
46
Middle-high premium
P/C OI
0.86
Slightly call-heavy
Consensus
6.0/10
Bearish tilt
Published snapshot: Jun 5, 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 5, 2026 close
NVDA Earnings Report
Analysis based on market close June 8, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

NVDA 100% beat rate, strong bullish flow, but earnings 79 days out. Near-term gamma pinning at $210.

Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.6% from MP; +0.5 VIX 19
Most important: Max pain $210 with heavy put/call volume; stock likely pinning into expiry.
🛡️Heavy put selling at $207.5/205 today signals dealer hedging for pin at $210.
⚠️Unusual open interest at July $180 put (31x vol/OI) shows bearish positioning far out.

Regime Classification

Vol Regime
Normal
Gamma Regime
Pinning
Flow Regime
Bullish
Spot vs MP
At
Gamma flip: ~$200.00 — Approx — based on put OI concentration of 98,911 (4.1% below spot)

Earnings Overview

Next earnings: 2026-08-26 (79 days)explicit

Expected moves:

  • 2026-06-10 (2d): ±$5.18 (2.5%)
  • 2026-06-12 (4d): ±$7.60 (3.6%)
  • 2026-06-15 (7d): ±$8.77 (4.2%)

IV Setup

Term structure: Slight contango; front-month IV ~34%, second-week ~36%.

Crush estimate: Earnings far out, no immediate crush.

Skew: Put skew elevated for deep OTM; unusual put volume at $205 and $207.5 suggests downside hedging.

Historical Context

Beat rate: 100% (5/5 quarters)

Avg move vs expected: 5/5 beats, but limited historical move data vs expected.

Directional bias: Bullish given consecutive beats and positive flow.

Key Levels

1$200.00 gamma flip
2EM guardrails: 2d $203.46/$213.82; 1w $199.86/$217.41
3Max pain pins: $210 (2026-06-08); $210 (2026-06-10); $210 (2026-06-12)

Flow Highlights

Massive put selling at $207.5 and $205 for today's expiry; 70.8x and 34.4x OI ratio.

Market makers pinning spot near $210, offsetting delta.

Call OI wall at $220-$250; heavy $210 call volume for near-dated expiries.

Resistance likely at $210 short-term; upside capped by call selling.

Strategies

Iron Condor on Max Pain
Sell 2026-06-18 $202.50/$195.00 put wing and $217.00/$224.00 call wing
Credit: $2.75-$3.36
Max loss: $4.14
Max gain: $3.36
BE: 199.14 / 220.36
Trigger: Manage at 50% credit target or if spot breaks $202.50/$217.
Pinning near $210 makes this high-probability.
Outperforms: Sells near-the-money wings to capture theta decay.
Underperforms: Move outside short strikes invalidates range thesis.
Short Strangle Pinning Play
Sell 2026-06-18 $202.50 put + sell $217.00 call
Credit: $5.04-$6.15
Max loss: Unlimited
Max gain: $6.15
BE: 196.35 / 223.15
Trigger: Set stop if spot touches $202 or $215; roll wings accordingly.
Higher credit but unlimited risk suits confident pin view.
Outperforms: Sells OTM put and call; benefits if spot stays near $210.
Underperforms: Break outside short strikes invalidates short-vol thesis.
Call Diagonal on Contango
Sell 2026-06-18 $217.00 call / buy 2026-07-17 $210.00 call
Debit: $7.31-$8.94
Max loss: $8.94
Max gain: Variable
BE: Path-dependent
Trigger: Adjust if spot falls below $200 invalidation; take profit at 100% of initial credit.
Upward bias plus term structure premium selling near-time.
Outperforms: Buys longer call, sells short call; net bullish.
Underperforms: Loss of support or adverse vol term shift weakens thesis.

Risk Assessment

!Pin action at max pain $210; gamma flip if spot moves away.
!VIX 19 above 15 suggests elevated volatility risk.
!Earnings 79 days out; long-dated options may have illiquid spreads.

What to Watch

?Spot vs $210 max pain; any break could trigger gamma acceleration.
?Call wall at $220 and put floor at $200.
?Unusual prints for July $180 put – potential long-term hedge.
How to Use These Reports
This earnings reflects the market close on June 8, 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.