$63 · Oct 16 · 30Δ
$2.40 premium · 41%/yr annualized
$XLB
Materials Select Sector SPDR · Materials ETF
▼ -0.18 (-0.34%)
Materials Select Sector SPDR · Materials ETF
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
$XLB is in long gamma at a calm heat level of 31, which means dealers are pinning moves and damping volatility. The $55 call wall has untested yesterday, while the $47 put wall also remains untested, suggesting both levels could see dealer defense if hit. Spot is currently 5.3% above its gamma flip at $48.91, so any move down would likely face support from dealers.
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 $XLB, scored over a year of outcomes.
$63 · Oct 16 · 30Δ
$2.40 premium · 41%/yr annualized
$48 · Oct 2 · 30Δ
$2.40 premium · 68%/yr annualized
Not investment advice · Informational only
Over the last 21 sessions · n=28
Free alert
We DM you when the $55 call wall or the $48 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 $55 call wall or the $48 put wall breaks.
…
Alert set
We'll DM you when the $55 call wall breaks. Rest easy.
Scored Levels
PROImplied vs Measured
PROWe render it and post it to YouTube, scored in public and credited to you.
Every like it earns becomes Res for you. 100 Res a like, and 1,000 Res is a day of Pro.
Runir on YouTubePick the timeframe and send. It renders straight to your videos, scored in public and credited to you.
Pro picks the timeframe and skips the queue. Go Pro
Two cards a day + the weekly accountability post, as they drop. Your invite unlocks the moment you subscribe, no cost, just an email.
Subscribe to unlock →Drop your email: the weekly receipt, plus your Discord invite, instantly.
Dealer positioning, scored in public. Methodology + sample sizes always visible.
How we score ourselves →The rune teller
