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NVDA

NVIDIA CorporationClose $210.96EOD only
Max Pain
$215.00
Next expiry Oct 26, 2026
Expected Move
±$4.55
2.2% from close
Price Gap
+4.04
Distance to max pain
IV Rank
8
Low premium
P/C OI
1.04
Balanced positioning
Consensus
8.5/10
Bullish tilt
Published snapshot: Oct 23, 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 23, 2026 close
NVDA Theta Report
Analysis based on market close June 10, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 10, 2026. A newer theta report is available for June 29, 2026.

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Theta Verdict

Attractiveness5 / 10
Sizing: Conservative
Primary: N/A
Invalidation: N/A
Confidence:
4 / 10
base 5; -1 GEX/flow contradict

IV Environment

IV Regime
High
IV vs VIX
Avg IV 53% vs VIX 22: rich premium; favorable.
Favorable?
Yes

Term structure: Front-end steep, 0 DTE skewed calls 63% puts 50%; check event risk.

⚠️0 DTE skew extreme: possible event/earnings?
🔄Flow bullish vs GEX negative; spot below MP adds bearish bias.

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Trending ($-3.6M)

Gamma flip: ~$200.00 — Approx — based on put OI concentration of 100,256 (0.2% below spot)

OI concentrations: Max pain $205 today, $210 Jun12/15; call wall $220-$250; put floor $140.

Verdict: Pin risk elevated near $205-$210; gamma flip at $200.

Premium Opportunities

#1
Call credit spread
Sell 2026-07-17 $210.00/$215.00 call spread
Sell 210/215 call spread to collect rich premium with defined risk.
Credit: $1.49-$1.82
Max loss: $3.18
BE: $211.82
Mgmt: Exit if NVDA trades above $205; avoid earnings.
#2
Iron condor
Sell 2026-07-17 $195.00/$190.00 put wing and $210.00/$215.00 call wing
Sell put and call wings collecting credit; profits if stock stays between $195-$210.
Credit: $3.13-$3.82
Max loss: $1.18
BE: 191.18 / 213.82
Mgmt: Adjust wings if gamma flip triggers; monitor near $200.

Risk Alerts

!Negative GEX ($-3.6M): dealer short gamma; may amplify moves.
!Spot below MP ($205) suggests bearish tilt; support at $200.
How to Use These Reports
This theta reflects the market close on June 10, 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.