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NVDA

NVIDIA CorporationClose $205.19EOD only
Max Pain
$205.00
Next expiry Jun 15, 2026
Expected Move
±$3.93
1.9% from close
Price Gap
-0.19
Distance to max pain
IV Rank
49
Middle-high premium
P/C OI
0.85
Slightly call-heavy
Consensus
7.0/10
Bullish tilt
Published snapshot: Jun 12, 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 12, 2026 close
NVDA Earnings Report
Analysis based on market close June 12, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

Non-earnings pinning at $205; bullish flow but high put OI creates risk.

Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.1% from MP; +1 VIX 18
Most important: Max pain at $205 with massive 0DTE OI; gamma flip at $200.
📌Max pain $205 with 390k call/266k put OI; pinning evident.
⚠️Put OI at $200 (101k); gamma flip ~$200.

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 101,178 (2.5% below spot)

Earnings Overview

Next earnings: 2026-08-26 (75 days)explicit

Expected moves:

  • 2026-06-15 (3d): ±$3.93 (1.9%)
  • 2026-06-17 (5d): ±$6.60 (3.2%)
  • 2026-06-18 (6d): ±$7.55 (3.7%)

IV Setup

Term structure: Frontend low IV; flat to backwardated.

Crush estimate: No crush (next earnings 75d).

Skew: Put skew steep; call skew moderate.

Historical Context

Beat rate: 100% (5/5 quarters)

Avg move vs expected: Earnings avg +4% on 100% beat rate.

Directional bias: Bullish post-earnings, N/A now.

Key Levels

1$200.00 gamma flip
2EM guardrails: 2d $201.26/$209.12; 1w $198.59/$211.79
3Max pain pins: $205 (2026-06-12); $205 (2026-06-15); $205 (2026-06-17)

Flow Highlights

Unusual $155P 6/17 vol/oi 94x; $220P 6/12 vol/oi 58x.

Deep OTM put hedging; pinning at $205.

Strategies

Iron Condor on NVDA Pin
Sell 2026-07-10 $205.00/$200.00 put wing and $210.00/$215.00 call wing
Credit: $3.60-$4.40
Max loss: $0.60
Max gain: $4.40
BE: 200.60 / 214.40
Trigger: Close at 50% max profit or adjust if $200 breaks.
NVDA pinned at $205, high put OI; defined risk, theta decay.
Outperforms: Sells put and call wings around $205, benefiting from low IV and time decay.
Underperforms: Move outside short strikes invalidates range thesis.
Short Strangle on NVDA
Sell 2026-07-10 $205.00 put + sell $210.00 call
Credit: $12.94-$15.81
Max loss: Unlimited
Max gain: $15.81
BE: 189.19 / 225.81
Trigger: Close at 50% max profit or roll if tested.
Higher premium than iron condor but unlimited risk; suitable for low volatility.
Outperforms: Sells OTM put and call collecting premium; relies on pin at $205.
Underperforms: Break outside short strikes invalidates short-vol thesis.

Risk Assessment

!Gamma pin at $205 caps upside.
!Gamma flip at $200 if broken.
!Call wall $220-$250 limits rally.

What to Watch

?$205 0DTE pin.
?$200 gamma flip.
?VIX 17.7 remains low.
How to Use These Reports
This earnings reflects the market close on June 12, 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.