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NVDA

NVIDIA CorporationClose $199.00EOD only

Max Pain

$207.50

Next expiry Jun 26, 2026

Expected Move

±$5.43

2.7% from close

Price Gap

+8.50

Distance to max pain

IV Rank

Low premium

P/C OI

0.82

Slightly call-heavy

Consensus

5.0/10

Consensus signal

Published snapshot: Jun 24, 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 24, 2026 close

NVDA Flow Report

Analysis based on market close June 25, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

4 / 10

base 5; -1 GEX/flow contradict; -0.5 spot 3.3% from MP; +0.5 VIX 19

Watch next session: NVDA price action around 180; gamma flip level

Flow Summary

Net premium: +$173.8M bullish

P/C volume ratio: 0.65

P/C OI ratio: 0.82

NVDA sees heavy near-term call buying, net premium positive $173M, and calls dominate volume. Regime flow bullish, spot below MP. Negative GEX (-$41.6M) signals dealer hedging. Bias bullish with caution; confirmation requires sustained call volume above 190 strikes and positive net premium.

Notable Prints

NVDA 2026-06-29 $160.00 Put

Vol: 10,854

OI: 125

Vol/OI: 86.8x

IV: 74.6%

Notional: ~$54K

Intent: Bearish

Dual read: Hedge

Read-through: Bearish

NVDA 2026-06-29 $195.00 Call

Vol: 9,725

OI: 196

Vol/OI: 49.6x

IV: 32.5%

Notional: ~$3.1M

Intent: Bullish

Dual read: Close

Read-through: Bullish

NVDA 2026-06-26 $197.50 Call

Vol: 137,484

OI: 3,552

Vol/OI: 38.7x

IV: 31.6%

Notional: ~$15.1M

Intent: Bullish

Dual read: Cover

Read-through: Very bullish

NVDA 2026-06-29 $165.00 Put

Vol: 6,024

OI: 191

Vol/OI: 31.5x

IV: 66.0%

Notional: ~$42K

Intent: Bearish

Dual read: Protect

Read-through: Bearish

NVDA 2026-06-29 $145.00 Put

Vol: 7,097

OI: 267

Vol/OI: 26.6x

IV: 100.8%

Notional: ~$28K

Intent: Bearish

Dual read: Tail

Read-through: Bearish

Institutional Positioning

Call additions: Heavy call buying at 195S and 197.5S weekly (95k & 137k vol); OTM 212.5C for 6/29 also active.

Put additions: Deep OTM put buying at 145-160 strikes (7k vol ea) with high IV but negligible premium; likely profit-taking or tail hedges.

GEX/DEX consistency: Inconsistent: GEX -41.6M (short gamma) vs DEX +341.9M shares (long delta). Negative gamma risks acceleration.

OI clusters: Largest OI clusters: 195C (4.7k), 197.5C (3.6k), 212.5C (2.7k). Puts concentrate at 180 (84.9k OI).

Hedging evidence: Gamma flip at 180 suggests dealer hedging; low-strike put buying may be collars.

Max pain context: Spot below MP, likely ~195-197. Expect pinning if spot rises.

Signal vs Noise

~Signal: Bullish flow, high call vol near spot, net premium positive, low put/call ratio.

~Noise: Deep OTM put prints with high IV but trivial premium; high volume 212.5C with low OI suggests speculative gamma.

Key Conclusions

📈Heavy call accumulation near spot suggests bullish sentiment.

⚠️Negative GEX could cause sharp moves if dealers hedge.

📊Spot below MP; expect range-bound pinning near 195.

How to Use These Reports

This flow reflects the market close on June 25, 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.