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NVDA

NVIDIA CorporationClose $207.41EOD only
Max Pain
$207.50
Next expiry Jun 17, 2026
Expected Move
±$3.35
1.6% from close
Price Gap
+0.09
Distance to max pain
IV Rank
85
High premium
P/C OI
0.87
Slightly call-heavy
Consensus
8.0/10
Bullish tilt
Published snapshot: Jun 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
Jun 16, 2026 close
NVDA Theta Report
Analysis based on market close June 17, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness8 / 10
Sizing: Aggressive
Primary: Bullish put credit spread
Invalidation: Break below 200 or VIX above 22
Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 spot 1.4% from MP; +0.5 VIX 18

IV Environment

IV Regime
Normal
IV vs VIX
IV at 49.6% is ~2.7x VIX (18.4), indicating rich premium
Favorable?
Yes

Term structure: Elevated short-dated IV with dip at 5dte (27.1%); likely expiration effects

💰IV (49.6%) far exceeds VIX (18.4) — strong premium selling opportunity
📊Term structure irregular; 0DTE low (4.3%), 1DTE high (30.4%), 5dte dip (27.1%)

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Pinning ($+184.9M)

Gamma flip: ~$200.00 — Approx — based on put OI concentration of 102,910 (2.3% below spot)

OI concentrations: Put OI heavy at 200 (2.3% below spot); call wall 220-250; put floor 140

Verdict: Elevated pin risk near 208 (max pain) and 200 (gamma flip); spot below pins, likely drift up

Premium Opportunities

#1
Put credit spread
Sell 2026-07-10 $195.00/$185.00 put spread
Short put spread at 200/190 collects rich premium with support at 200.
Credit: $1.73-$2.12
Max loss: $7.88
BE: $192.88
Mgmt: Close at 50% max gain or if spot breaks below 200.
#2
Call diagonal
Sell 2026-07-10 $215.00 call / buy 2026-08-21 $220.00 call
Sell near-term call, buy later call to exploit IV difference.
Debit: $3.98-$4.87
Max loss: $4.87
BE: Path-dependent
Mgmt: Monitor IV spread; adjust if term structure narrows.

Risk Alerts

!Spot 1.4% below max pain at 208; upward drift likely
!Gamma flip at 200; sharp breaks below may accelerate
!High IV (49.6%) implies vega exposure; vol expansion could hurt
!VIX at 18.4 but stable; monitor for spikes
How to Use These Reports
This theta reflects the market close on June 17, 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.