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NVDA

NVIDIA CorporationClose $218.29EOD only
Max Pain
$220.00
Next expiry Sep 14, 2026
Expected Move
±$3.46
1.6% from close
Price Gap
+1.71
Distance to max pain
IV Rank
8
Low premium
P/C OI
0.89
Slightly call-heavy
Consensus
8.5/10
Bullish tilt
Published snapshot: Sep 11, 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
Sep 11, 2026 close
NVDA Theta Report
Analysis based on market close June 15, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 15, 2026. A newer theta report is available for June 29, 2026.

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Theta Verdict

Attractiveness8 / 10
Sizing: Aggressive
Primary: Neutral
Invalidation: Spot below $200 gamma flip
Confidence:
8.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -0.5 spot 3.6% from MP; +1 VIX 16

IV Environment

IV Regime
Normal
IV vs VIX
Elevated
Favorable?
Yes

Term structure: Spike on 06/18 expiry

📈Dealer gamma long $881M supports pinning at $205
🛡️Put OI concentration at $200-$205 provides floor
⚠️Event risk 06/18 expiry; premium selling risky

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+881.0M)

Gamma flip: ~$200.00 — Approx — based on put OI concentration of 101,875 (5.9% below spot)

OI concentrations: Max pain $205; put heavy $200-$205; call wall $230-$250

Verdict: High pinning probability at $205

Premium Opportunities

#1
Iron condor
Sell 2026-07-10 $200.00/$195.00 put wing and $215.00/$220.00 call wing
Sell $200/$195 put and $215/$220 call wings, targeting theta decay within pin range.
Credit: $2.66-$3.25
Max loss: $1.75
BE: 196.75 / 218.25
Mgmt: Close at 50% max gain or roll if pin shifts.
#2
Put credit spread
Sell 2026-07-17 $200.00/$195.00 put spread
Sell $200/$195 put spread, benefiting from time decay and implied support.
Credit: $1.08-$1.31
Max loss: $3.69
BE: $198.69
Mgmt: Exit if NVDA breaks below $200; manage gamma flip risk.
#3
Call calendar
Sell 2026-07-10 $220.00 call / buy 2026-08-21 $220.00 call
Sell July 10 $220 call, buy Aug 21 $220 call, capturing IV term premium.
Debit: $5.85-$7.15
Max loss: $7.15
BE: Path-dependent
Mgmt: Monitor IV spread; roll short leg if price approaches $220.

Risk Alerts

!Event risk on 06/18 expiry with extreme put IV
!Gamma flip at $200 if breached
How to Use These Reports
This theta reflects the market close on June 15, 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.