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NVDA

NVIDIA CorporationClose $224.09EOD only
Max Pain
$212.50
Next expiry Aug 14, 2026
Expected Move
±$4.84
2.2% from close
Price Gap
-11.59
Distance to max pain
IV Rank
7
Low premium
P/C OI
0.85
Slightly call-heavy
Consensus
8.5/10
Bullish tilt
Published snapshot: Aug 12, 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
Aug 12, 2026 close
NVDA Theta Report
Analysis based on market close June 29, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness9 / 10
Sizing: Aggressive
Primary: Put Credit Spread
Invalidation: Break below 180 support
Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 spot 1.3% from MP; +1 VIX 18

IV Environment

IV Regime
Normal
IV vs VIX
IV 45.6% vs VIX 17.6, rich 28pp premium
Favorable?
Yes

Term structure: Near-term IV elevated (32-35%), dip at 7 DTE, then contango to 42%+; put skew steep

💰Avg IV 45.6% vs VIX 17.6, rich premium for sellers
⚠️Put skew steep near term; gamma flip at 180 may accelerate moves

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Pinning ($+412.6M)

Gamma flip: ~$180.00 — Approx — based on put OI concentration of 83,325 (7.7% below spot)

OI concentrations: Put OI concentrated 170-180 floor (83K below spot); call wall 220-250. Max pain pins: 198, 192, 200

Verdict: Pinning risk elevated: high put OI below and max pain cluster; dealer positive gamma may pin near $192-$198

Premium Opportunities

#1
Put credit spread
Sell 2026-08-21 $190.00/$185.00 put spread
Sell $190/$185 put spread for premium.
Credit: $1.71-$2.09
Max loss: $2.91
BE: $187.91
Mgmt: Exit at 50% gain or below 182.2.

Risk Alerts

!Gamma flip at 180; break could accelerate selling
!Put skew steep near term; hedge tail risk
!High IV attractive but monitor VIX
How to Use These Reports
This theta reflects the market close on June 29, 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.