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NVDA

NVIDIA CorporationClose $205.19EOD only
Max Pain
$205.00
Next expiry Jun 15, 2026
Expected Move
±$3.93
1.9% from close
Price Gap
-0.19
Distance to max pain
IV Rank
49
Middle-high premium
P/C OI
0.85
Slightly call-heavy
Consensus
7.0/10
Bullish tilt
Published snapshot: Jun 12, 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
Jun 12, 2026 close
NVDA Theta Report
Analysis based on market close June 11, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 11, 2026. A newer theta report is available for June 12, 2026.

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Theta Verdict

Attractiveness4 / 10
Sizing: Conservative
Primary: Avoid premium selling; favor hedges
Invalidation: Spot break below $200 or IV below 40%
Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 spot 1.3% from MP; +0.5 VIX 19

IV Environment

IV Regime
High
IV vs VIX
IV 51% vs VIX 19%: extremely high skew
Favorable?
No

Term structure: Front-end put skew extreme (put IV 106% vs call 63%); term structure steep backwardation on puts.

⚠️Put IV spike suggests hedging demand; risky to sell premium.

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Pinning ($+347.5M)

Gamma flip: ~$200.00 — Approx — based on put OI concentration of 101,075 (2.4% below spot)

OI concentrations: Put OI concentration at $200 (101k); Call OI wall $220-$250; max pain $208.

Verdict: Pinning likely at $205-$208; high put demand suggests downside hedging; risk of large moves if pin fails.

Premium Opportunities

#1
Iron condor
Sell 2026-07-02 $200.00/$195.00 put wing and $205.00/$210.00 call wing
Captures elevated put and call premiums within expected range.
Credit: $3.53-$4.32
Max loss: $0.68
BE: 195.68 / 209.32
Mgmt: Exit if price breaks $200 or $210; close at 50% max gain or before earnings.
#2
Put credit spread
Sell 2026-07-02 $200.00/$195.00 put spread
Sells downside protection at support, limiting risk to $200 invalidation.
Credit: $1.53-$1.87
Max loss: $3.13
BE: $198.13
Mgmt: Close if spot approaches $200; take profit at 50% max gain.
#3
Call credit spread
Sell 2026-07-02 $205.00/$210.00 call spread
Sells calls at resistance, but pin low makes it vulnerable.
Credit: $2.00-$2.45
Max loss: $2.55
BE: $207.45
Mgmt: Defend if price nears $205; exit at 30% loss if break above.

Risk Alerts

!Gamma flip at $200
!High put IV indicates tail risk
!Event this week
How to Use These Reports
This theta reflects the market close on June 11, 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.