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NVDA

NVIDIA CorporationClose $215.33EOD only
Max Pain
$220.00
Next expiry May 26, 2026
Expected Move
±$4.51
2.1% from close
Price Gap
+4.67
Distance to max pain
IV Rank
51
Middle-high premium
P/C OI
0.79
Slightly call-heavy
Consensus
8.0/10
Bullish tilt
Published snapshot: May 22, 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 22, 2026 close
NVDA Theta Report
Analysis based on market close May 26, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness8 / 10
Sizing: Moderate
Primary: Short Put
Invalidation: Spot breaks below $200 support
Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 spot 1.2% from MP; +1 VIX 17

IV Environment

IV Regime
High
IV vs VIX
IV (52.4%) significantly above VIX (17%), indicating elevated option premiums.
Favorable?
Yes

Term structure: Steep term structure with 0DTE at 2.7% and back-month ~38-44%; note put skew on 5/29 and 6/18.

🔴High put skew on 5/29 expiry suggests downside hedging activity.
🟢Bullish flow and strong dealer GEX support premium selling.

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Pinning ($+367.6M)

OI concentrations: Max pain at $218 (0DTE), $220 (1DTE), $210 (3DTE). Call wall $230-$300, put floor $140.

Verdict: Moderate pin risk; spot likely drifts toward max pain but bullish flow may lift above.

Premium Opportunities

#1
Cash-secured put
Sell 2026-06-18 $200.00 cash-secured put
Sell $200 put to collect elevated IV premium; bullish/neutral view.
Credit: $2.57-$3.14
Max loss: $196.86
BE: $196.86
Mgmt: Roll or close if spot breaks $200 support.
#2
Put credit spread
Sell 2026-06-18 $200.00/$195.00 put spread
Sell $200/$195 put spread to limit downside while profiting from time decay.
Credit: $0.81-$1.00
Max loss: $4.00
BE: $199.00
Mgmt: Manage width and expiration; exit if spot nears $200.

Risk Alerts

!Spot near support $200; breakdown would accelerate delta decay.
!5/29 put IV spike indicates hedging pressure.
How to Use These Reports
This theta reflects the market close on May 26, 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.