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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 15, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

Pinning setup near $205 max pain with heavy 0DTE hedging. Bullish flow but spot above MP.

Confidence:
8.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -0.5 spot 3.6% from MP; +1 VIX 16
Most important: Massive 0DTE put volume suggests dealer hedging for pinning at $205.
⚠️Massive 0DTE put volume signals heavy hedging for pinning.
💪Bullish flow with net premium +$608M and low P/C ratio 0.51.

Regime Classification

Vol Regime
Normal
Gamma Regime
Pinning
Flow Regime
Bullish
Spot vs MP
Above
Gamma flip: ~$200.00 — Approx — based on put OI concentration of 101,875 (5.9% below spot)

Earnings Overview

Next earnings: 2026-08-26 (72 days)explicit

Expected moves:

  • 2026-06-17 (2d): ±$4.66 (2.2%)
  • 2026-06-18 (3d): ±$5.84 (2.8%)
  • 2026-06-22 (7d): ±$7.17 (3.4%)

IV Setup

Term structure: Short-dated elevated, 2d/3d/7d implied moves 2.2%/2.8%/3.4%.

Crush estimate: Not applicable (no earnings event).

Skew: Elevated put skew on 0DTE due to pinning.

Historical Context

Beat rate: 100% (5/5 quarters)

Avg move vs expected: Historical moves in line with implied.

Directional bias: Bullish (100% beat rate).

Key Levels

1$200.00 gamma flip
2EM guardrails: 2d $207.79/$217.11; 1w $205.27/$219.62
3Max pain pins: $205 (2026-06-15); $205 (2026-06-17); $187 (2026-06-18)

Flow Highlights

Heavy 0DTE put volume at $212.5 (147k) and $210 (226k).

Dealers hedging for pinning at $205 max pain.

Large 0DTE call volume at $212.5 (569k).

Speculative upside bets or hedging.

Strategies

Iron Condor at Max Pain
Sell 2026-06-26 $205.00/$200.00 put wing and $215.00/$220.00 call wing
Credit: $2.44-$2.98
Max loss: $2.02
Max gain: $2.98
BE: 202.02 / 217.98
Trigger: Exit if spot breaks 200 or 220.
Pinning near 205 and elevated IV favor defined risk range trade.
Outperforms: Sell put wing 205/200 & call wing 215/220 to collect premium.
Underperforms: Move outside short strikes invalidates range thesis.
Short Strangle at Support/Resistance
Sell 2026-06-26 $200.00 put + sell $220.00 call
Credit: $3.30-$4.03
Max loss: Unlimited
Max gain: $4.03
BE: 195.97 / 224.03
Trigger: Roll or hedge if spot approaches 200 or 220.
Elevated IV and defined 200/220 levels make strangle attractive yet riskier.
Outperforms: Sell 200 put and 220 call for wider premium collection.
Underperforms: Break outside short strikes invalidates short-vol thesis.
Call Calendar on Short-Term IV
Sell 2026-06-26 $215.00 call / buy 2026-07-24 $215.00 call
Debit: $4.88-$5.97
Max loss: $5.97
Max gain: Variable
BE: Path-dependent
Trigger: Monitor IV spread; exit if spot <205.
Short-dated IV elevated vs longer-dated; no earnings event reduces tail risk.
Outperforms: Sell near-term 215 call, buy later 215 call to capture volatility decline.
Underperforms: Loss of support or adverse vol term shift weakens thesis.

Risk Assessment

!Max pain at $205, spot at $212.43: pinning risk.
!Call OI wall $230-$250 limits upside.
!Gamma flip at $200 adds downside risk below that level.

What to Watch

?$205 support and $220 resistance intraday.
?0DTE options expiration pinning action.
?Put OI concentration at $200 (101k) as floor.
How to Use These Reports
This earnings reflects the market close on June 15, 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.