$320 · Aug 14 · 29Δ
$7.25 premium · 29%/yr annualized
$IBM
International Business Machines Corp · Technology · $272.8B
▲ +2.67 (+0.93%)
International Business Machines Corp · Technology · $272.8B
Regime pinning · moves get faded back to the walls.
Each wall is the strike carrying the heaviest open interest within 15% of price, call above as resistance, put below as support, pooled across all listed expirations. It is a structural positioning level, not a single expiry pin. Max pain is tracked separately.
The Read
$IBM is in long gamma at a calm heat of 23, which means dealers are pinning moves rather than amplifying them. The $300 call and $250 put walls are both untested yesterday, while spot sits 16% above the $248.81 flip level, suggesting any upside push will likely face resistance at those dealer-defended calls.
Where the market is positioned
Risk-neutral, implied by options pricing. Where the market is positioned, not a forecast.
Talk to the oracle
Free. No login. Real dealer positioning on $IBM, scored over a year of outcomes.
$320 · Aug 14 · 29Δ
$7.25 premium · 29%/yr annualized
$270 · Aug 14 · 29Δ
$9.13 premium · 40%/yr annualized
Not investment advice · Informational only
Over the last 21 sessions · n=22
$300 call wall
held 7 sessions running
$300 call wall
broke 2.0% on 2026-07-07
Free alert
We DM you when the $300 call wall or the $280 put wall breaks. No noise, just the break.
Wall-break alerts arrive as a Discord DM. Pro gets them live, the instant the wall breaks.
Free alert
We DM you when the $300 call wall or the $280 put wall breaks.
…
Alert set
We'll DM you when the $300 call wall breaks. Rest easy.
Scored Levels
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