thetaOwl
HomeOptionsNVDAReports

NVDA

NVIDIA CorporationClose $217.50EOD only
Max Pain
$217.50
Next expiry Aug 12, 2026
Expected Move
±$3.64
1.7% from close
Price Gap
+0.00
Distance to max pain
IV Rank
4
Low premium
P/C OI
0.84
Slightly call-heavy
Consensus
8.5/10
Bullish tilt
Published snapshot: Aug 11, 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
Aug 11, 2026 close
NVDA Theta Report
Analysis based on market close May 14, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from May 14, 2026. A newer theta report is available for June 29, 2026.

View latest report

Theta Verdict

Attractiveness8 / 10
Sizing: Moderate
Primary: Short premium near max pain pins
Invalidation: Break below gamma flip at $190
Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 20.9% from MP; +1 VIX 17

IV Environment

IV Regime
High
IV vs VIX
Avg IV 61.5% vs VIX 17.3; rich premiums
Favorable?
Yes

Term structure: Spike at 1w (63.8%), backwardation otherwise

💡Term structure spike at 1w suggests event risk
💰Rich IV offers premium selling opportunity

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+930.6M)

Gamma flip: ~$190.00 — Approx — based on put OI concentration of 88,353 (19.4% below spot)

OI concentrations: Put wall $190 (88,353 OI); max pain pins $195/$215/$205

Verdict: Significant pin risk at $195-$215 due to high OI and positive gamma

Premium Opportunities

#1
Call credit spread
Sell 2026-06-05 $260.00/$275.00 call spread
Sells upside call spreads to capture rich premium with defined risk.
Credit: $1.88-$2.30
Max loss: $12.70
BE: $262.30
Mgmt: Close if spot breaches $260, or let expire if below.
#2
Iron condor
Sell 2026-06-05 $215.00/$200.00 put wing and $260.00/$275.00 call wing
Sells OTM put and call spreads to profit from time decay and IV contraction.
Credit: $4.00-$4.89
Max loss: $10.11
BE: 210.11 / 264.89
Mgmt: Adjust put wing if spot approaches $215; close if IV spikes.

Risk Alerts

!Gamma flip near $190
!Spot 20.9% above max pain ($195)
!Earnings risk? Check catalyst calendar
How to Use These Reports
This theta reflects the market close on May 14, 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.