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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 15, 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 May 15, 2026. A newer flow report is available for May 19, 2026.

View latest report

Flow Verdict

Confidence:

7.5 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 12.7% from MP; +0.5 VIX 18

Watch next session: $190 (gamma flip); $225-$227.5 (put support)

Flow Summary

Net premium: +$939.2M bullish

P/C volume ratio: 0.47

P/C OI ratio: 0.82

Strong bullish flow with heavy call buying; net premium $939M, put/call volume 0.47. Positive GEX pins spot as MM hedge. Regime: bullish, high vol, pinning. Unusual prints show large call OTM positions.

Notable Prints

NVDA 2026-05-18 $227.50 Call

Vol: 79,851

OI: 3,301

Vol/OI: 24.2x

IV: 31.3%

Notional: ~$15.3M

Intent: Bullish speculation near resistance

Dual read: Opening buy or delta hedge

Read-through: High vol/OI ratio signals fresh positioning.

NVDA 2026-05-15 $232.50 Call

Vol: 231,908

OI: 12,482

Vol/OI: 18.6x

IV: 25.8%

Notional: ~$232K

Intent: Expiration day speculation

Dual read: Lottery ticket or closing

Read-through: Massive volume on worthless call indicates active closing.

NVDA 2026-05-15 $227.50 Put

Vol: 140,431

OI: 8,391

Vol/OI: 16.7x

IV: 35.8%

Notional: ~$30.5M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

NVDA 2026-05-29 $60.00 Put

Vol: 2,539

OI: 160

Vol/OI: 15.9x

IV: 193.8%

Notional: ~$3K

Intent: Tail risk hedge

Dual read: Institutional vs retail

Read-through: Deep OTM put with extreme IV suggests catastrophe hedge.

NVDA 2026-05-15 $225.00 Put

Vol: 250,985

OI: 16,864

Vol/OI: 14.9x

IV: 6.4%

Notional: ~$3.0M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Heavy at 227.5 and 232.5 May 15-18 calls, vol/oi >10.

Put additions: Large at 225 and 227.5 puts, plus far OTM puts at 60, 130 for tail hedging.

GEX/DEX consistency: Both positive: GEX +$1.1B, DEX +515M shares, consistent bullish dealer hedging.

OI clusters: Highest OI at 227.5 call (21.9k), 225 put (16.9k)

Hedging evidence: Unusual far OTM puts (60, 130) indicate tail risk hedging.

Max pain context: Spot above MP; pinning to higher strikes supported.

Signal vs Noise

~Signal: Concentrated near-money call and put volumes at 225-232.5 for May 15/18.

~Noise: Low-probability far OTM puts (60, 130) and $450 call with thin OI.

Key Conclusions

📈Aggressive call accumulation at 227.5/232.5 suggests bullish conviction into expiration.

🛡️Put activity at 225-227.5 plus far OTM tail hedges shows risk management alongside upside bets.

How to Use These Reports

This flow reflects the market close on May 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.