$165 · Sep 18 · 30Δ
$1.83 premium · 32%/yr annualized
$NVS
Novartis AG · Pharmaceuticals · $240.4B
▼ -3.10 (-1.90%)
Novartis AG · Pharmaceuticals · $240.4B
Regime balanced · no clear edge from positioning.
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
$NVS is in short gamma at heat 42, which means dealer hedging amplifies moves rather than dampening them. The $170 call wall is untested yesterday, while the $145 put has held 100% of tests, showing dealers are defending this level. Spot sits 5.5% below the $161.69 flip, so a push up could see more upside momentum.
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 $NVS, scored over a year of outcomes.
$165 · Sep 18 · 30Δ
$1.83 premium · 32%/yr annualized
$155 · Sep 18 · 30Δ
$1.70 premium · 31%/yr annualized
Not investment advice · Informational only
Over the last 21 sessions · n=18
$160 call wall
held on its first test
Free alert
We DM you when the $160 call wall or the $155 put wall breaks. No noise, just the break.
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Free alert
We DM you when the $160 call wall or the $155 put wall breaks.
…
Alert set
We'll DM you when the $160 call wall breaks. Rest easy.
Scored Levels
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