$52.5 · Aug 14 · 30Δ
$0.56 premium · 14%/yr annualized
$XLB
Materials Select Sector SPDR · Materials ETF
▲ +0.13 (+0.25%)
Materials Select Sector SPDR · Materials ETF
range held 13 sessions, both sides
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.
$52.5 · Aug 14 · 30Δ
$0.56 premium · 14%/yr annualized
$49.5 · Aug 7 · 30Δ
$0.51 premium · 16%/yr annualized
Not investment advice · Informational only
Over the last 21 sessions · n=24
Free alert
We DM you when the $55 call wall or the $47 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 $47 put wall breaks.
…
Alert set
We'll DM you when the $55 call wall breaks. Rest easy.
Scored Levels
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