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NVDA

NVIDIA CorporationClose $221.97EOD only
Max Pain
$220.00
Next expiry Oct 23, 2026
Expected Move
±$4.90
2.2% from close
Price Gap
-1.97
Distance to max pain
IV Rank
3
Low premium
P/C OI
1.05
Balanced positioning
Consensus
8.5/10
Bullish tilt
Published snapshot: Oct 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
Oct 21, 2026 close
NVDA Theta Report
Analysis based on market close June 8, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 8, 2026. A newer theta report is available for June 29, 2026.

View latest report

Theta Verdict

Attractiveness9 / 10
Sizing: Moderate
Primary: Bull put spread
Invalidation: Spot below $200
Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.6% from MP; +0.5 VIX 19

IV Environment

IV Regime
Normal
IV vs VIX
IV 49.3% vs VIX 18.9 — elevated, suggesting stock-specific risk
Favorable?
Yes

Term structure: Flat 39-45% after front-month spike; 10dte skew extreme

⚠️Front-month put IV 76.7% highlights downside fear
📈Dealer GEX +$439M supports pinning near $210

Pin Risk Assessment

Spot vs MP: At

GEX regime: Pinning ($+439.0M)

Gamma flip: ~$200.00 — Approx — based on put OI concentration of 98,911 (4.1% below spot)

OI concentrations: Max pain $210; put OI heavy at $200; call OI wall $220-$250

Verdict: Moderate pin risk — spot at MP, gamma flip below $200, dealer gamma positive

Premium Opportunities

#1
Put credit spread
Sell 2026-06-12 $200.00/$195.00 put spread
Sell 2026-06-12 $200/$195 put spread for credit up to $0.61.
Credit: $0.50-$0.61
Max loss: $4.39
BE: $199.39
Mgmt: Monitor NVDA below $200; exit if spot breaches invalidation.

Risk Alerts

!10dte IV spike on 2026-06-18 suggests event risk; monitor below $200
How to Use These Reports
This theta reflects the market close on June 8, 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.