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NVDA

NVIDIA CorporationClose $220.61EOD only

Max Pain

$212.50

Next expiry May 22, 2026

Expected Move

±$13.50

6.1% from close

Price Gap

-8.11

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.81

Slightly call-heavy

Consensus

7.0/10

Bullish tilt

Published snapshot: May 19, 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

May 19, 2026 close

NVDA Flow Report

Analysis based on market close May 19, 2026

Directional Theta Gang Flow Earnings Consensus

Consensus-supported lens with chain history and key metrics in the rail.

Flow Verdict

Confidence:

8 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -0.5 spot 3.8% from MP; +0.5 VIX 18

Watch next session: NVDA 2026-05-22 $222.50 Call

Flow Summary

Net premium: +$405.8M bullish

P/C volume ratio: 0.52

P/C OI ratio: 0.81

Bullish flow continues with heavy call accumulation, led by the 5/22 $222.50 strike. Net premium +$405M, put/call volume ratio 0.52. GEX strongly positive ($+538M) and regime favors upside. Spot above MP with pinning gamma. Unusual prints show concentrated call activity at 222.5 and 345/350 strikes, while put activity is defensive. High VIX (18) suggests elevated volatility but not panic. Bias bullish maintained as long as spot holds above $200.

Notable Prints

NVDA 2026-05-29 $345.00 Call

Vol: 4,627

OI: 124

Vol/OI: 37.3x

IV: 93.8%

Notional: ~$19K

Intent: Lottery-style upside bet

Dual read: Short call in a vertical

Read-through: Low probability but high reward

NVDA 2026-05-26 $222.50 Put

Vol: 4,530

OI: 333

Vol/OI: 13.6x

IV: 54.4%

Notional: ~$3.8M

Intent: Bearish hedge or outright put

Dual read: Protective put for long stock

Read-through: Anticipates decline by midweek

NVDA 2026-05-27 $225.00 Put

Vol: 2,473

OI: 293

Vol/OI: 8.4x

IV: 53.6%

Notional: ~$2.4M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

NVDA 2026-05-29 $217.50 Call

Vol: 3,782

OI: 667

Vol/OI: 5.7x

IV: 53.1%

Notional: ~$3.4M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

NVDA 2026-05-29 $350.00 Call

Vol: 8,246

OI: 1,567

Vol/OI: 5.3x

IV: 94.9%

Notional: ~$33K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Bullish call flow net +$405M; high vol/oi at 345-350C & 222.5C

Put additions: Downside hedging puts added at 207.5-225 with elevated vol/oi

GEX/DEX consistency: Yes; GEX +$538M, DEX +434M shares, both positive, align with bullish flow

OI clusters: Largest OI at $217.5-225 (calls & puts) and $345-350 (far calls)

Hedging evidence: Put buying at 207.5-225 suggests collar or hedging

Max pain context: Spot above MP (~$216); positive GEX pins near current

Signal vs Noise

~Signal: Institutional put hedging at 207.5-225 strikes with high vol/oi

~Noise: Far OTM call buying at 345-350 lottery with high IV (94%)

~Signal: Net call premium dominance put/call vol ratio 0.52

Key Conclusions

📈Institutions adding calls net premium $405M bullish

🛡️Put hedging at 207.5-225 suggests cautious positioning

🔮GM pinning with positive GEX spot above MP

How to Use These Reports

This flow reflects the market close on May 19, 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.