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NVDA

NVIDIA CorporationClose $222.82EOD only

Max Pain

$217.50

Next expiry Jun 3, 2026

Expected Move

±$3.97

1.8% from close

Price Gap

-5.32

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.82

Slightly call-heavy

Consensus

9.0/10

Bullish tilt

Published snapshot: Jun 2, 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 2, 2026 close

NVDA Theta Report

Analysis based on market close April 17, 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 April 17, 2026. A newer theta report is available for May 26, 2026.

View latest report

Theta Verdict

Confidence:

8 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 9.0% from MP; +1 VIX 17

IV Environment

IV Regime

Normal

IV vs VIX

Overall stock IV > VIX over multi‑day horizons, but same‑day (0–1d) ATM IV is depressed by expirations and pin flows.

Favorable?

Yes

Term structure: Steep front-week put skew and elevated 8–30d ATM IV (mean ~44.6) — short-dated IV compressed, mid-term rich.

⚖️Sell in 8–30d where term IV is elevated vs same‑day compression

⚠️0–7d ATM IV compression can reverse violently; require short-gamma hedges (buy wings or long-dated calls)

📌Max-pain cluster $185–$192 concentrated; hedges needed to limit anchor-driven short‑gamma losses

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+1.1B)

OI concentrations: MP/OI clustered at $185/$190/$192 across near expiries; put OI density highest 0–14d.

Verdict: Elevated pin risk: clusters can anchor price into expiry; sharp directional fills or pin attempts can spike 0–7d put IV and force short‑gamma losses for sellers without hedges (buy wings, widen risk or shift to longer tenors).

Premium Opportunities

Put credit spread

Sell 2026-05-22 $190.00/$185.00 put spread

Sell the 190/185 put spread to collect front-month premium with defined risk; reduces short-gamma vs naked puts.

Credit: $1.17-$1.43

Max loss: $3.57

BE: $188.57

Mgmt: Take profits into entry_range; buy wings or roll out/away if price falls below ~191 or IV spikes

Iron condor

Sell 2026-05-22 $190.00/$180.00 put wing and $215.00/$225.00 call wing

Sell both wings to monetize elevated multi-day IV while capping losses on tails.

Credit: $4.13-$5.04

Max loss: $4.96

BE: 184.96 / 220.04

Mgmt: Trim/roll wings if price approaches either wing; tighten if >30% IV rise

Call credit spread

Sell 2026-05-22 $210.00/$220.00 call spread

Sell 210/220 call spread to collect upside premium with capped risk.

Credit: $2.72-$3.33

Max loss: $6.67

BE: $213.33

Mgmt: Close or roll if price nears 212 or calls rerate sharply

Risk Alerts

!Selling into compressed same‑day ATM IV risks rapid IV spike and margin pain

!Required hedges: buy wings or long calls if short front-week; roll to 8–30d to reduce pin exposure

!Pin cluster at $185–$192 can induce forced moves near expiries

How to Use These Reports

This theta reflects the market close on April 17, 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.