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NVDA

NVIDIA CorporationClose $199.00EOD only
Max Pain
$207.50
Next expiry Jun 26, 2026
Expected Move
±$5.43
2.7% from close
Price Gap
+8.50
Distance to max pain
IV Rank
2
Low premium
P/C OI
0.82
Slightly call-heavy
Consensus
5.0/10
Consensus signal
Published snapshot: Jun 24, 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 24, 2026 close
NVDA Theta Report
Analysis based on market close June 25, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness4 / 10
Sizing: Moderate
Primary: Put credit spread
Invalidation: Break below $180 support
Confidence:
4 / 10
base 5; -1 GEX/flow contradict; -0.5 spot 3.3% from MP; +0.5 VIX 19

IV Environment

IV Regime
Normal
IV vs VIX
Elevated (48.6% vs VIX 19)
Favorable?
Yes

Term structure: Steep 1d->4d drop; 1d put IV 85% signals event risk

📊Near-term IV spike suggests event risk; longer-tenor selling favored

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Trending ($-41.6M)

Gamma flip: ~$180.00 — Approx — based on put OI concentration of 84,898 (8.0% below spot)

OI concentrations: Max pain $202 (6/26,6/29,7/1); put wall $180-$185

Verdict: Low pin risk; spot ~184 far below $202, bullish drift possible

Premium Opportunities

#1
Put credit spread
Sell 2026-07-24 $195.00/$190.00 put spread
Sell $195/$190 put spread expiring 7/24; captures premium with bullish drift and support near $180-$185.
Credit: $1.87-$2.28
Max loss: $2.72
BE: $192.72
Mgmt: Close at 50% max gain or if NVDA breaks below $185.
#2
Cash-secured put
Sell 2026-07-17 $190.00 cash-secured put
Sell $190 cash-secured put expiring 7/17; collects premium with assignment risk if below $190.
Credit: $3.98-$4.87
Max loss: $185.13
BE: $185.13
Mgmt: Roll or accept assignment if spot nears $185; monitor earnings drift.

Risk Alerts

!Negative dealer gamma (-$41.6M) may amplify moves
!High put OI concentration near $180-$185 support
!Spot 3.3% below max pain; upward drift potential
How to Use These Reports
This theta reflects the market close on June 25, 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.