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NVDA

NVIDIA CorporationClose $219.34EOD only
Max Pain
$205.00
Next expiry Sep 18, 2026
Expected Move
±$2.98
1.4% from close
Price Gap
-14.34
Distance to max pain
IV Rank
19
Low premium
P/C OI
0.90
Balanced positioning
Consensus
8.5/10
Bullish tilt
Published snapshot: Sep 17, 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 17, 2026 close
NVDA Theta Report
Analysis based on market close June 18, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 18, 2026. A newer theta report is available for June 29, 2026.

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Theta Verdict

Attractiveness8 / 10
Sizing: Moderate
Primary: Sell put credit spreads targeting $200 support
Invalidation: Spot breakdown below $200 or VIX >20
Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 13.9% from MP; +1 VIX 16

IV Environment

IV Regime
High
IV vs VIX
Avg IV 52% vs VIX 16.4 = 3.2x
Favorable?
Yes

Term structure: Term structure upward sloping; put IV consistently above call IV on most expirations.

⚠️Put IV elevated across expirations, reflecting hedging demand.
📊Front-month ATM IV low due to expiry; back-month IV ~30-44%.

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+465.1M)

Gamma flip: ~$200.00 — Approx — based on put OI concentration of 102,595 (5.1% below spot)

OI concentrations: Max pain pins: $185, $205, $208. Call OI wall $230. Put floor $140-$200. Gamma flip at $200.

Verdict: Pinning likely in $200-$220 zone; support/resistance defined by gamma flip and OI walls.

Premium Opportunities

#1
Put credit spread
Sell 2026-07-17 $200.00/$190.00 put spread
Sell $200/$190 put credit spread to profit from elevated IV with capped risk.
Credit: $1.91-$2.34
Max loss: $7.66
BE: $197.66
Mgmt: Close at 50% profit or if spot breaks $200.
#2
Cash-secured put
Sell 2026-07-17 $200.00 cash-secured put
Sell $200 cash-secured put to collect premium, willing to buy stock at discount.
Credit: $3.67-$4.48
Max loss: $195.52
BE: $195.52
Mgmt: Roll up if spot rises, manage assignment risk.

Risk Alerts

!Call OI wall at $230 could cap upside; watch for gamma squeeze if breached.
!Put skew suggests tail risk hedging; consider VIX hedges.
How to Use These Reports
This theta reflects the market close on June 18, 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.