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NVDA

NVIDIA CorporationClose $200.04EOD only

Max Pain

$210.00

Next expiry Jun 24, 2026

Expected Move

±$3.73

1.9% from close

Price Gap

+9.96

Distance to max pain

IV Rank

Low premium

P/C OI

0.82

Slightly call-heavy

Consensus

7.0/10

Bullish tilt

Published snapshot: Jun 23, 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 23, 2026 close

NVDA Flow Report

Analysis based on market close June 24, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

5 / 10

base 5; -1 GEX/flow contradict; +0.5 spot 1.7% from MP; +0.5 VIX 19

Watch next session: 185; 197.5; 200

Flow Summary

Net premium: +$66.4M bullish

P/C volume ratio: 0.76

P/C OI ratio: 0.82

Net premium positive ($66M) and low put/call ratios indicate bullish flow. Unusual call volume at $197.5 (85023 vs 439 OI) and $200 (261889 vs 7764 OI) targets upside. Heavy put volume at same strikes plus negative GEX (-$18.1M) suggest hedging and added volatility risk. Spot below max pain adds pull risk. Overall bullish but cautious.

Notable Prints

NVDA 2026-06-24 $197.50 Call

Vol: 85,023

OI: 439

Vol/OI: 193.7x

IV: 19.5%

Notional: ~$13.6M

Intent: Aggressive bullish opening

Dual read: Short covering possible

Read-through: High conviction near expiry

NVDA 2026-06-24 $200.00 Call

Vol: 261,889

OI: 7,764

Vol/OI: 33.7x

IV: 12.0%

Notional: ~$4.2M

Intent: Speculative cheap calls

Dual read: Hedge short upside

Read-through: Cheap upside bet

NVDA 2026-06-26 $187.50 Call

Vol: 7,073

OI: 269

Vol/OI: 26.3x

IV: 57.9%

Notional: ~$7.7M

Intent: Volatility positioning

Dual read: Spread leg

Read-through: Expect volatility

NVDA 2026-07-02 $202.50 Call

Vol: 37,228

OI: 1,432

Vol/OI: 26.0x

IV: 37.7%

Notional: ~$11.7M

Intent: Bullish extension

Dual read: Protective call

Read-through: Long-term optimism

NVDA 2026-06-26 $197.50 Call

Vol: 15,275

OI: 663

Vol/OI: 23.0x

IV: 40.3%

Notional: ~$5.5M

Intent: Anticipatory buying

Dual read: Option strategy

Read-through: Near-term move

Institutional Positioning

Call additions: Call vol at $197.5 and $200 (vol/OI 193x, 33x); also $187.5 and $202.5.

Put additions: Put vol at $197.5 and $200 (20x, 14x); likely hedging.

GEX/DEX consistency: GEX -$18.1M contradicts flow; DEX +341.6M aligns.

OI clusters: OI clusters at $200 C/P and $197.5 put.

Hedging evidence: Collar hedging via $197.5/$200 puts.

Max pain context: Spot below MP; pin near $200.

Signal vs Noise

~High vol/OI calls are real; put vol likely hedges.

~Negative GEX is warning but DEX positive.

Key Conclusions

🚀Aggressive call buying at $197.5 and $200.

⚠️Negative gamma ($-18.1M) exposes downside risk.

🛡️Put volume likely hedging, not bearish.

How to Use These Reports

This flow reflects the market close on June 24, 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.