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NVDA

NVIDIA CorporationClose $214.13EOD only
Max Pain
$220.00
Next expiry Oct 19, 2026
Expected Move
±$4.64
2.2% from close
Price Gap
+5.87
Distance to max pain
IV Rank
19
Low premium
P/C OI
1.00
Balanced positioning
Consensus
8.5/10
Bullish tilt
Published snapshot: Oct 16, 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
Oct 16, 2026 close
NVDA Theta Report
Analysis based on market close June 5, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 5, 2026. A newer theta report is available for June 29, 2026.

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Theta Verdict

Attractiveness7 / 10
Sizing: Moderate
Primary: Short Put Vertical
Invalidation: SPY closes below 200
Confidence:
7 / 10
base 5; +2 GEX/flow strongly aligned; -0.5 spot 4.6% from MP; +0.5 VIX 22

IV Environment

IV Regime
High
IV vs VIX
IV 54% vs VIX 21.5, elevated premium
Favorable?
Yes

Term structure: Contango, long-dated IV ~45%

📉GEX -$97M negative gamma amplifies moves
🎯Max pain $215 magnetic, spot below

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Trending ($-97.1M)

Gamma flip: ~$200.00 — Approx — based on put OI concentration of 98,545 (2.5% below spot)

OI concentrations: Put OI at 200, call wall 220-230

Verdict: Elevated pin risk due to max pain at $215 and negative gamma

Premium Opportunities

#1
Put credit spread
Sell 2026-06-26 $195.00/$190.00 put spread
Sell put spread to collect premium with high probability.
Credit: $1.12-$1.36
Max loss: $3.64
BE: $193.64
Mgmt: Manage if SPY closes below $200.
#2
Call calendar
Sell 2026-06-26 $215.00 call / buy 2026-08-21 $215.00 call
Sell near-term call, buy back-month to capture IV decay.
Debit: $7.34-$8.97
Max loss: $8.97
BE: Path-dependent
Mgmt: Close if IV gap narrows.
#3
Cash-secured put
Sell 2026-06-26 $195.00 cash-secured put
Sell cash-secured put for premium with upside.
Credit: $3.58-$4.37
Max loss: $190.63
BE: $190.63
Mgmt: Roll down if tested.

Risk Alerts

!High VIX 21.5 with negative gamma
!Spot below max pain $215
How to Use These Reports
This theta reflects the market close on June 5, 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.