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NVDA

NVIDIA CorporationClose $219.51EOD only
Max Pain
$215.00
Next expiry May 22, 2026
Expected Move
±$4.50
2.0% from close
Price Gap
-4.51
Distance to max pain
IV Rank
40
Middle-high premium
P/C OI
0.80
Slightly call-heavy
Consensus
8.5/10
Bullish tilt
Published snapshot: May 21, 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
May 21, 2026 close
NVDA Theta Report
Analysis based on market close May 21, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness9 / 10
Sizing: Moderate
Primary: Put Credit Spreads
Invalidation: Break below $220 support
Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 VIX 17

IV Environment

IV Regime
High
IV vs VIX
IV at 53.5% vs VIX 16.8 — elevated; short-dated put IV >100% reflects high fear
Favorable?
Yes

Term structure: Front-end dip then rise; 1d IV low but put/call skew extreme; normal contango from 5d+

⚠️Put skew extreme: 1d put IV 105% vs call 68% — tail risk priced
📈Bullish dealer flow & GEX $+500M supports pinning

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+499.7M)

OI concentrations: Max pain $215-$225; call wall $235-$250; put floor $140

Verdict: High pin risk: OI concentrated at short-dated strikes with strong dealer hedging

Premium Opportunities

#1
Put credit spread
Sell 2026-06-12 $215.00/$210.00 put spread
Sell the 2026-06-12 $215/$210 put spread to collect premium while capping risk.
Credit: $1.66-$2.03
Max loss: $2.97
BE: $212.97
Mgmt: Monitor price action; exit if NVDA breaches $215 support or if IV collapses significantly.

Risk Alerts

!Extreme short-dated put IV signals potential large moves
!NVDA above max pain — pin risk to downside if spot drops
!Consider tail-risk hedge for short put positions
How to Use These Reports
This theta reflects the market close on May 21, 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.