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NVDA

NVIDIA CorporationClose $210.69EOD only
Max Pain
$205.00
Next expiry Jun 22, 2026
Expected Move
±$4.39
2.1% from close
Price Gap
-5.69
Distance to max pain
IV Rank
100
High premium
P/C OI
0.88
Slightly call-heavy
Consensus
8.5/10
Bullish tilt
Published snapshot: Jun 18, 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 18, 2026 close
NVDA Earnings Report
Analysis based on market close June 22, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

Strong bullish flow and gamma pinning; high confidence for range-bound movement.

Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.6% from MP; +1 VIX 17
Most important: Heavy call selling at $210-$215 for June 22 expiry limits upside potential.
📈Net premium +$242M bullish flow.
📌Max pain $208, spot below, pinning up.
⚠️Short premium positioning risks unwind.

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 104,471 (4.1% below spot)

Earnings Overview

Next earnings: 2026-08-26 (65 days)explicit

Expected moves:

  • 2026-06-24 (2d): ±$4.74 (2.3%)
  • 2026-06-26 (4d): ±$6.78 (3.3%)
  • 2026-06-29 (7d): ±$7.62 (3.7%)

IV Setup

Term structure: Front-end elevated (2d put IV 68%, call IV 16%) from heavy flow; back-end flatter.

Crush estimate: Minimal crush; near-term decay from theta.

Skew: Put skew elevated near-term; call skew suppressed by selling.

Historical Context

Beat rate: 100% (5/5 quarters)

Avg move vs expected: NVDA avg +3.8% on earnings days vs ±4.5% expected.

Directional bias: Bullish after 5 consecutive beats.

Key Levels

1$200.00 gamma flip
2EM guardrails: 2d $203.90/$213.39; 1w $201.02/$216.27
3Max pain pins: $208 (2026-06-22); $208 (2026-06-24); $210 (2026-06-26)

Flow Highlights

Heavy call selling $210-$215 exp Jun22; vol/OI >20, last $0.01.

Closing/rolling, caps near-term upside.

Large put selling $207.50 and $212.50 exp Jun22; vol/OI >20.

Establishes support floor near $200-$207.5.

Strategies

Iron Condor on NVDA
Sell 2026-07-02 $202.50/$200.00 put wing and $217.50/$222.50 call wing
Credit: $1.34-$1.64
Max loss: $3.36
Max gain: $1.64
BE: 200.86 / 219.14
Trigger: Close if NVDA approaches $200 or $217.50; roll if needed.
Best fit for high-confidence range-bound move with call wall at $210-$215 and put support at $200.
Outperforms: Sells OTM put and call wings to capture premium decay; limited risk.
Underperforms: Move outside short strikes invalidates range thesis.
Call Diagonal on NVDA
Sell 2026-07-02 $217.50 call / buy 2026-08-21 $215.00 call
Debit: $7.78-$9.50
Max loss: $9.50
Max gain: Variable
BE: Path-dependent
Trigger: Watch invalidation level $207.5; adjust if broken.
Benefitting from elevated front-end IV around earnings with call wall at $210-$215 limiting upside; less direct than iron condor but allows for longer-term bullish positioning.
Outperforms: Short near-term call premium funded by long dated call; benefits from time decay.
Underperforms: Loss of support or adverse vol term shift weakens thesis.

Risk Assessment

!Gamma flip at $200 from put OI concentration.
!0DTE speculative positions may amplify moves.
!VIX 17 moderate; tail risk from macro.

What to Watch

?$207.5 support; break could test $200.
?$220 resistance; call OI wall above.
?Flow on $210 and $215 strikes for reversal signs.
?Gamma flip level $200.
How to Use These Reports
This earnings reflects the market close on June 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.