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NVDA

NVIDIA CorporationClose $222.82EOD only

Max Pain

$217.50

Next expiry Jun 3, 2026

Expected Move

±$3.97

1.8% from close

Price Gap

-5.32

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.82

Slightly call-heavy

Consensus

9.0/10

Bullish tilt

Published snapshot: Jun 2, 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 2, 2026 close

NVDA Flow Report

Analysis based on market close April 17, 2026

Directional Theta Gang Flow Earnings Consensus

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

You are viewing an older report from April 17, 2026. A newer flow report is available for May 26, 2026.

View latest report

Flow Verdict

Confidence:

8 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 9.0% from MP; +1 VIX 17

Watch next session: Monitor 200–205 put volume/oi; Follow 202.5–205 call selling and delta changes; Track VIX and price move toward MP/deltas

Flow Summary

Net premium: +$1.1B bullish

P/C volume ratio: 0.47

P/C OI ratio: 0.86

Market shows bullish, pinning flow: large positive GEX and concentrated call OI near 202–205 support upside, but heavy near‑dated put prints and spot above MP create notable downside tail risk.

Notable Prints

NVDA 2026-04-17 $202.50 Put

Vol: 34,566

OI: 720

Vol/OI: 48.0x

IV: 8.6%

Notional: ~$2.9M

Intent: near-dated protective puts

Dual read: pinning intent vs directional short

Read-through: pressure below 205 into expiry

NVDA 2026-04-20 $205.00 Put

Vol: 3,656

OI: 129

Vol/OI: 28.3x

IV: 20.8%

Notional: ~$1.4M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

NVDA 2026-04-17 $200.00 Put

Vol: 198,904

OI: 7,990

Vol/OI: 24.9x

IV: 8.4%

Notional: ~$199K

Intent: Large short-dated buy-to-open hedge or directional put sweep

Dual read: portfolio protection vs aggressive bearish bet

Read-through: urgent downside hedging near-dated; strong pin risk

NVDA 2026-05-01 $265.00 Call

Vol: 3,715

OI: 238

Vol/OI: 15.6x

IV: 51.8%

Notional: ~$11K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

NVDA 2026-04-20 $202.50 Call

Vol: 66,567

OI: 4,447

Vol/OI: 15.0x

IV: 19.2%

Notional: ~$8.1M

Intent: short-dated call accumulation

Dual read: bullish volley vs short-squeeze setup

Read-through: significant two-way flow around 202-205

Institutional Positioning

Call additions: Concentrated call buys into near expiries around 202.5–205 and some longer-dated 265 interest; magnitude suggests tactical upside exposure but not overwhelming versus market depth.

Put additions: Large Apr17/20 short-dated put blocks at 200–205 — could be protective hedges, directional put-selling, or block trades distorting skew; watch for follow-on activity to clarify intent.

GEX/DEX consistency: GEX ~+$1.1B and DEX +$460.5M bias toward supportive gamma/delta, but impact is magnitude-dependent and can be offset by underlying liquidity and flow turnover—treat as probabilistic, not definitive.

OI clusters: Heaviest OI centered 200–205 strikes (calls and puts), indicating focal pins/interest in that band.

Hedging evidence: Patterns consistent with short-dated collars/put accumulation at 200–205, IV skew lift on near-dated puts; causality ambiguous given block trades.

Max pain context: Max pain sits below spot; spot ~9% above MP, which creates pin risk but distance and active flows make outcome uncertain.

Signal vs Noise

~Signal: dense short-dated 200–205 OI plus sizable call flow—supports near-term upside/pinning bias, contingent on follow-through.

~Noise: single large Apr17/20 put prints may reflect execution or directional selling; monitor rolls/offsets to discriminate.

Key Conclusions

📌Near-term pinning bias around 200–205 supported by concentrated OI and net positive GEX/DEX, but strength is magnitude-dependent and uncertain.

⚠️Apr17/20 put blocks ambiguous—could be hedges or directional put-selling; monitor subsequent roll/offset activity and IV moves for clarity.

How to Use These Reports

This flow reflects the market close on April 17, 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.