NVDA: Options GEX & Technical Setup for Jun 161️⃣ Options Gamma Insights
* Strongest gamma resistance sits in the 140–145 zone, with a hefty 3rd CALL wall (~79%) and consistent NETGEX/Call shelf near 145.
* IV is ultra low (~6.4 vs avg 46.5), meaning traders benefit from moves more than decay—especially as price nears gamma protection levels.
* GEX exposes (call $5.8 put $94) show mild call skew, favoring small upside tilt.
* Trade idea: Look to buy short-dated (~5DTE) calls or a call spread below 140–142, targeting fade/exercise pressure at 145; or consider put protection if NVDA breaks below 140 with bearish momentum.
2️⃣ 15-Minute Chart Analysis
* Price anchored near top of short-term consolidation range (140–145), after breaking below previous range high. Structure shows lower lows & lower highs → bearish tilt.
* Resistance: 142–145 overhead zone.
* Support: Near 140 (stop level), followed by 137 and previous BOS at ~140.86.
* Trend direction: Downward pullback within afternoon range.
3️⃣ Trade Setup Suggestion
* Bias: Bearish if price fails to reclaim above 142–145 gamma region. Bullish only on reclaim + clear BOS structure.
* Options plays:
* Buy 5DTE–10DTE put spread below 140, targeting 137–135 with tight risk.
* Alternatively, buy call spread if price breaks and holds above 145 with volume.
* Stops & Sizing: Risk 1–2% per trade; place stop-loss just outside your entry trigger zone.
🧠 My thoughts?
* Gamma alignment: Gamma walls act as structural support/resistance—145 is reinforced by call wall.
* Low IV: Minimizes premium decay and makes directional moves more profitable.
* Chart context: Lower-highs structure gives bearish edge; bearish setup aligns with downside call-to-put skew.
🚨 Disclaimer
This is not financial advice. All trades carry risk. Manage position size carefully and be aware that options are risk assets—especially with low IV.
