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NVDA

NVIDIA CorporationClose $218.66EOD only

Max Pain

$215.00

Next expiry Jun 5, 2026

Expected Move

±$3.55

1.6% from close

Price Gap

-3.66

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.87

Slightly call-heavy

Consensus

8.5/10

Bullish tilt

Published snapshot: Jun 4, 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 4, 2026 close

NVDA Flow Report

Analysis based on market close June 5, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

7 / 10

base 5; +2 GEX/flow strongly aligned; -0.5 spot 4.6% from MP; +0.5 VIX 22

Watch next session: Monitor call volume/IV for continuation; Watch spot vs gamma flip (~$200) for directional cue

Flow Summary

Net premium: -$21.1M bearish

P/C volume ratio: 0.63

P/C OI ratio: 0.86

Massive call buying in near-dated OTM strikes (6/5 and 6/8) dominates flow, but negative net premium and bearish puts create mixed signal. High vol + negative GEX (−$97M) suggests dealer hedging risk. Spot below MP, DEX positive, implying structural long but vulnerable to gamma squeezes.

Notable Prints

NVDA 2026-06-08 $205.00 Call

Vol: 33,216

OI: 154

Vol/OI: 215.7x

IV: 32.1%

Notional: ~$8.9M

Intent: Bullish

Read-through: New call positions.

NVDA 2026-06-08 $207.50 Call

Vol: 36,457

OI: 306

Vol/OI: 119.1x

IV: 31.7%

Notional: ~$5.8M

Intent: Bullish

Read-through: Similar buying.

NVDA 2026-06-08 $210.00 Call

Vol: 84,729

OI: 727

Vol/OI: 116.5x

IV: 31.2%

Notional: ~$7.3M

Intent: Bullish

Read-through: Continuation.

NVDA 2026-06-05 $207.50 Call

Vol: 226,209

OI: 2,594

Vol/OI: 87.2x

IV: 10.9%

Notional: ~$226K

Intent: Closing

Read-through: Expiring calls closed.

NVDA 2026-06-05 $210.00 Call

Vol: 382,204

OI: 10,358

Vol/OI: 36.9x

IV: 20.3%

Notional: ~$382K

Intent: Closing

Read-through: Expiring worthless.

Institutional Positioning

Call additions: Heavy call buying on 6/5 207.5/210/212.5 and 6/8 205/207.5/210 (speculative OTM).

Put additions: Aggressive put buying on 6/5 207.5 (expiring) and 7/2 185 (hedging).

GEX/DEX consistency: GEX negative (-$97.1M) vs DEX positive (+396M) — mixed, DEX hints at dealer long bias.

OI clusters: Largest OI: 6/5 210 call (10,358), 6/5 207.5 put (11,321), 6/5 212.5 call (6,396).

Hedging evidence: 7/2 185 put volume 67,690 (26x OI) signals downside hedge.

Max pain context: Spot below MP; dealers short puts, biased upward.

Signal vs Noise

~Signal: 7/2 185 put buying (26x OI) indicates hedging.

~Noise: 6/5 expiring call lottery (huge volume, near-zero premium) likely closing/roll activity.

Key Conclusions

📉Aggressive put buying on 7/2 185 (26x OI) warns of hedging for further downside.

📈Lottery call buying on 6/5 expiries (207.5-212.5) with near-zero premium is speculative noise, not institutional.

How to Use These Reports

This flow reflects the market close on June 5, 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.