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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
39
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 Earnings Report
Analysis based on market close June 10, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

Earnings 77 days away; near-term technicals and heavy put hedging dominate.

Confidence:
4 / 10
base 5; -1 GEX/flow contradict
Most important: Put volume at $200 (today) and $165 (6/15) suggests bearish hedging; call OI wall $220-$250 caps upside.
🛡️Put flow at $200 suggests hedging, not directional conviction.
📉Bearish put trade at $165 strike is speculative.

Regime Classification

Vol Regime
High
Gamma Regime
Trending
Flow Regime
Bullish
Spot vs MP
Below
Gamma flip: ~$200.00 — Approx — based on put OI concentration of 100,256 (0.2% below spot)

Earnings Overview

Next earnings: 2026-08-26 (77 days)explicit

Expected moves:

  • 2026-06-12 (2d): ±$6.27 (3.1%)
  • 2026-06-15 (5d): ±$7.95 (4.0%)
  • 2026-06-17 (7d): ±$10.15 (5.1%)

IV Setup

Term structure: Steep contango, short-dated skew high.

Crush estimate: N/A - no immediate event.

Skew: Put skew elevated, especially at $200.

Historical Context

Beat rate: 100% (5/5 quarters)

Avg move vs expected: N/A - far from earnings.

Directional bias: Neutral, but put flow cautious.

Key Levels

1$200.00 gamma flip
2EM guardrails: 2d $194.15/$206.68; 1w $192.47/$208.37
3Max pain pins: $205 (2026-06-10); $210 (2026-06-12); $210 (2026-06-15)

Flow Highlights

Unusual volume on NVDA 6/15 $165 put (volume 9219 vs OI 197).

Speculative bearish bet targeting major downside.

Strategies

Iron Condor
Sell 2026-06-26 $200.00/$197.50 put wing and $205.00/$207.50 call wing
Credit: $1.89-$2.31
Max loss: $0.19
Max gain: $2.31
BE: 197.69 / 207.31
Trigger: Close at 50% max gain or adjust if $200 breaches; no earnings exposure.
Defined-risk play benefiting from OI caps: put support at $200, call resistance $220-$250. Low max loss (0.19) vs high probability.
Outperforms: Sells put and call wings at $200/$197.50 and $205/$207.50 to collect premium while expecting range-bound trading.
Underperforms: Move outside short strikes invalidates range thesis.
Put Calendar
Sell 2026-06-18 $200.00 put / buy 2026-07-17 $200.00 put
Debit: $4.37-$5.34
Max loss: $5.34
Max gain: Variable
BE: Path-dependent
Trigger: Monitor $200 level; exit if broken or if IV crush occurs.
Exploits high put skew and heavy hedging at $200; premium from selling near-term put and buying deferred.
Outperforms: Sell 6/18 $200 put, buy 7/17 $200 put to capture theta decay while hedging tail risk.
Underperforms: Loss of support or adverse vol term shift weakens thesis.
Call Calendar
Sell 2026-06-18 $205.00 call / buy 2026-07-17 $205.00 call
Debit: $4.86-$5.94
Max loss: $5.94
Max gain: Variable
BE: Path-dependent
Trigger: Watch call OI at $220; close if underlying moves above $210 to limit loss.
Steep contango and high near-term IV allow premium harvest, though call OI caps upside potential.
Outperforms: Sell 6/18 $205 call, buy 7/17 $205 call to profit from term structure.
Underperforms: Loss of support or adverse vol term shift weakens thesis.

Risk Assessment

!Gamma flip near $200 could accelerate moves if breached.
!Heavy put OI at $200 suggests support or resistance.

What to Watch

?NVDA price action around $200 level.
?If $200 breaks, next support $188.57.
?Call OI at $220-$250 caps rallies.
How to Use These Reports
This earnings reflects the market close on June 10, 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.