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NVDA

NVIDIA CorporationClose $225.01EOD only
Max Pain
$222.50
Next expiry Aug 19, 2026
Expected Move
±$4.18
1.9% from close
Price Gap
-2.51
Distance to max pain
IV Rank
10
Low premium
P/C OI
0.84
Slightly call-heavy
Consensus
8.5/10
Bullish tilt
Published snapshot: Aug 17, 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 17, 2026 close
NVDA Theta Report
Analysis based on market close May 19, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from May 19, 2026. A newer theta report is available for June 29, 2026.

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Theta Verdict

Attractiveness8 / 10
Sizing: Moderate
Primary: Short put verticals
Invalidation: Spot breaks below $212
Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -0.5 spot 3.8% from MP; +0.5 VIX 18

IV Environment

IV Regime
High
IV vs VIX
NVDA IV ~60% vs VIX 18, significantly elevated.
Favorable?
Yes

Term structure: Front-end IV elevated (73% at 3DTE), decaying to ~44% back-month.

📈High IV offers premium; front-end decay expected.
⚠️Pinning gamma from max pain pins $212/$218/$230.

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+538.1M)

OI concentrations: Call wall $240-$250; put floor $140; max pain pins $212/$218/$230.

Verdict: Spot above max pain, below call wall; pin risk moderate.

Premium Opportunities

#1
Put credit spread
Sell 2026-06-12 $220.00/$215.00 put spread
Sell 220/215 put spread for ~$2.35 credit, invalidation at $212.5.
Credit: $2.11-$2.58
Max loss: $2.42
BE: $217.42
Mgmt: Close at 50% max gain or at invalidation break.
#2
Cash-secured put
Sell 2026-06-18 $215.00 cash-secured put
Sell 215 put for ~$7.55 credit, effective entry at $207.45 if assigned.
Credit: $7.49-$9.16
Max loss: $205.84
BE: $205.84
Mgmt: Roll if spot approaches $212 to avoid deep ITM.

Risk Alerts

!Spot dropped 0.7% intraday increasing directional risk.
!High near-term IV may collapse post-expiration.
How to Use These Reports
This theta reflects the market close on May 19, 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.