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NVDA

NVIDIA CorporationClose $219.51EOD only

Max Pain

$215.00

Next expiry May 22, 2026

Expected Move

±$4.50

2.0% from close

Price Gap

-4.51

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.80

Slightly call-heavy

Consensus

8.5/10

Bullish tilt

Published snapshot: May 21, 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 21, 2026 close

NVDA Flow Report

Analysis based on market close May 21, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

9 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 VIX 17

Watch next session: 222.5 Call; 217.5 Put; 225 Call

Flow Summary

Net premium: +$841.8M bullish

P/C volume ratio: 0.44

P/C OI ratio: 0.80

Bullish flow with $842M net premium and low put/call volume ratio (0.44). Heavy call activity at 222.5 and 225 strikes, significant put at 217.5. Gamma pinning supports spot near current levels. Regime: high vol, pinning gamma, bullish flow.

Notable Prints

NVDA 2026-06-12 $120.00 Put

Vol: 3,937

OI: 165

Vol/OI: 23.9x

IV: 93.4%

Notional: ~$24K

Intent: Hedge

Read-through: Bearish

NVDA 2026-05-27 $217.50 Put

Vol: 3,689

OI: 269

Vol/OI: 13.7x

IV: 32.4%

Notional: ~$1.1M

Intent: Bearish

Read-through: Short-term

NVDA 2026-05-29 $287.50 Call

Vol: 1,384

OI: 103

Vol/OI: 13.4x

IV: 60.2%

Notional: ~$3K

Intent: Spec

Read-through: Bullish

NVDA 2026-06-05 $115.00 Put

Vol: 3,319

OI: 307

Vol/OI: 10.8x

IV: 110.9%

Notional: ~$10K

Intent: Hedge

Read-through: Bearish

NVDA 2026-05-22 $217.50 Put

Vol: 89,218

OI: 9,427

Vol/OI: 9.5x

IV: 33.9%

Notional: ~$11.9M

Intent: PutBuy

Read-through: Bearish

Institutional Positioning

Call additions: Heavy call buying at 222.5 and 225 strikes, net premium +$842M, flow bullish.

Put additions: Notable put buying at 217.5 (5/22) and 182.5 (5/29), likely hedging.

GEX/DEX consistency: Consistent: positive GEX ($499.7M) and DEX (+431M shares).

OI clusters: Largest OI: 222.5C (16k), 217.5P (9.4k), 220C (3k), 225C (2.3k).

Hedging evidence: Tail puts at 115-120 and puts at 217.5 suggest hedging.

Max pain context: Spot above max pain; bullish pinning near 222.5-225.

Signal vs Noise

~High volume on 5/22 222.5C and 217.5P is signal; low OI strikes are noise.

~Regime flags (vol high, gamma pinning, flow bullish) are coherent signals.

Key Conclusions

🚀Heavy call accumulation at 222.5-225 indicates institutional bullish bias.

🛡️Put buying at 217.5 suggests hedging against downside risk near spot.

✅Positive GEX/DEX alignment reinforces bullish outlook.

How to Use These Reports

This flow reflects the market close on May 21, 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.