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AMAT

Applied Materials, Inc.Close $585.88EOD only

Max Pain

$550.00

Next expiry Jun 26, 2026

Expected Move

±$43.77

7.5% from close

Price Gap

-35.88

Distance to max pain

IV Rank

Low premium

P/C OI

0.96

Balanced positioning

Consensus

3.0/10

Downside lean

Published snapshot: Jun 23, 2026 close

End-of-day snapshot

This page reflects AMAT options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot

Jun 23, 2026 close

AMAT Flow Report

Analysis based on market close June 23, 2026

Directional Theta Gang Flow Earnings Consensus

Historical consensus-supported lens with full content, report chain context, and metric rail.

Flow Verdict

Confidence:

7.5 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 6.5% from MP; +0.5 VIX 19

Watch next session: 430

Flow Summary

Net premium: +$61.9M bullish

P/C volume ratio: 1.48

P/C OI ratio: 0.96

Positive GEX (long gamma) and net premium suggest bullish dealer positioning, pinning spot near 430. High VIX and put volume ratio >1 indicate hedging. Bias bullish, with confirmation on hold above 430 and invalidation on break below 430 with sustained put ratio >2.0.

Notable Prints

AMAT 2027-01-15 $760.00 Call

Vol: 496

OI: 191

Vol/OI: 2.6x

IV: 74.3%

Notional: ~$3.6M

Intent: Bullish

Read-through: Longshot

AMAT 2026-08-21 $800.00 Call

Vol: 418

OI: 185

Vol/OI: 2.3x

IV: 78.9%

Notional: ~$760K

Intent: Bullish

Read-through: Rally

AMAT 2026-06-26 $330.00 Put

Vol: 342

OI: 151

Vol/OI: 2.3x

IV: 203.5%

Notional: ~$3K

Intent: Speculative

Read-through: Crashbet

AMAT 2026-08-21 $500.00 Put

Vol: 441

OI: 203

Vol/OI: 2.2x

IV: 76.8%

Notional: ~$1.4M

Intent: Bearish

Read-through: Decline

AMAT 2026-06-26 $340.00 Put

Vol: 240

OI: 107

Vol/OI: 2.2x

IV: 182.8%

Notional: ~$1K

Intent: Speculative

Read-through: Crashbet

Institutional Positioning

Call additions: Long-dated calls at $760, $800, $700 strikes added

Put additions: Near-term puts added at $330-$550 strikes for hedging

GEX/DEX consistency: Yes, GEX +$6.1M and DEX +12.2M shares align

OI clusters: Largest OI: $550 put (327), $500 put (213), $700 call (129)

Hedging evidence: Short-dated puts likely hedging portfolio against tech sell-off

Max pain context: Spot ~6.5% above MP; MP near $400-430, pinning possible

Signal vs Noise

~High put/call volume ratio 1.48 is noise from hedging flow

~Low OI unusual prints are noise; focus on high OI clusters

~GEX positive and DEX positive are signal of institutional positioning

Key Conclusions

🔵Long-dated call buying suggests bullish institutional conviction

🔴Heavy near-term put buying signals caution ahead of expiry

⚠️Gamma flip at $430 poses downside risk if broken

How to Use These Reports

This flow reflects the market close on June 23, 2026.

What the reports do

Each report translates the same market-close options snapshot into a specific lens such as directional bias, premium-selling posture, flow quality, or earnings setup.

How traders use them

Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.

What to remember

These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.

If the report conviction and the raw data disagree, slow down and resolve the mismatch before sizing risk.