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NVDA

NVIDIA CorporationClose $222.27EOD only

Max Pain

$215.00

Next expiry Sep 21, 2026

Expected Move

±$3.45

1.6% from close

Price Gap

-7.27

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.90

Balanced positioning

Consensus

8.5/10

Bullish tilt

Published snapshot: Sep 18, 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 18, 2026 close

NVDA Theta Report

Analysis based on market close June 22, 2026

Directional Theta Gang Flow Earnings Consensus

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

You are viewing an older report from June 22, 2026. A newer theta report is available for June 29, 2026.

View latest report

Theta Verdict

Confidence:

9 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.6% from MP; +1 VIX 17

IV Environment

IV Regime

Normal

IV vs VIX

Elevated relative to VIX (44.7% vs 17.3%)

Favorable?

Yes

Term structure: Front-end steep with put skew; 0 DTE put IV 65.7% vs call 42.5%; term structure normalizes after 4 days

⚠️0 DTE put IV at 65.7% signals elevated hedging cost

Pin Risk Assessment

Spot vs MP: At

GEX regime: Pinning ($+383.8M)

Gamma flip: ~$200.00 — Approx — based on put OI concentration of 104,471 (4.1% below spot)

OI concentrations: Max pain at $208; put OI concentrated at $180-$185; call OI wall $220-$300

Verdict: Moderate pin risk at $208 due to max pain and dealer gamma pinning

Premium Opportunities

Put credit spread

Sell 2026-07-17 $200.00/$195.00 put spread

Sell put spread to collect premium with defined risk.

Credit: $1.15-$1.40

Max loss: $3.60

BE: $198.60

Mgmt: Close at 50% profit or if underlying breaks $207.5.

Short strangle

Sell 2026-07-17 $195.00 put + sell $215.00 call

Sell OTM put and call to capture premium decay.

Credit: $7.00-$8.55

Max loss: Unlimited

BE: 186.45 / 223.55

Mgmt: Adjust if IV spikes or break of range.

Risk Alerts

!Gamma flip at $200

!Volatility event on 0 DTE

!Put skew extreme

How to Use These Reports

This theta reflects the market close on June 22, 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.