Home Options AMATReports

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 24, 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 6.1% from MP; +0.5 VIX 19

Watch next session: $620 call expiry on 6/26; gamma flip at $430; max pain level

Flow Summary

Net premium: +$41.7M bullish

P/C volume ratio: 1.58

P/C OI ratio: 1.00

Mixed flow: high put/call volume ratio (1.58) hints at bearish sentiment, but net premium positive ($41.7M) and positive GEX ($+6.1M) indicate pinning. Unusual prints show deep OTM put buying (e.g., $275, $270) and aggressive near-expiry call buying ($620). Volatility remains high (VIX 19). Overall, hedging and speculative positions are causing conflicting signals.

Notable Prints

AMAT 2026-06-26 $620.00 Call

Vol: 4,119

OI: 471

Vol/OI: 8.8x

IV: 84.4%

Notional: ~$3.1M

Intent: Bull

Read-through: HighVol

AMAT 2026-07-02 $275.00 Put

Vol: 944

OI: 218

Vol/OI: 4.3x

IV: 198.8%

Notional: ~$14K

Intent: Bear

Read-through: HighIV

AMAT 2026-07-02 $655.00 Call

Vol: 294

OI: 106

Vol/OI: 2.8x

IV: 81.3%

Notional: ~$191K

Intent: Bull

Read-through: OTM

AMAT 2026-11-20 $280.00 Put

Vol: 281

OI: 101

Vol/OI: 2.8x

IV: 81.1%

Notional: ~$173K

Intent: Bear

Read-through: LongTerm

AMAT 2026-07-02 $270.00 Put

Vol: 425

OI: 170

Vol/OI: 2.5x

IV: 203.7%

Notional: ~$6K

Intent: Bear

Read-through: DeepOTM

Institutional Positioning

Call additions: Active call buying at 620C (8.8x vol/oi), 650C, 655C; net premium +$41.7M

Put additions: Aggressive put accumulation at 275P, 280P, 270P, 295P, 150P, 330P, 410P; high IV suggests hedging

GEX/DEX consistency: GEX +$6.1M, DEX +12.5M shares; positive gamma consistent with pinning, despite mixed flow

OI clusters: Largest OI: 620C (471), 650C (257), 410P (129); gamma flip ~430

Hedging evidence: Deep OTM put buying (150P) and long-dated 410P indicate downside hedging; possible collars

Max pain context: Spot above max pain; GEX positive supports price pinning near current levels (~540)

Signal vs Noise

~High vol/oi on 620C is real call demand

~Deep OTM puts at 150P likely noise (tail hedge)

~Net premium positive despite high put volume ratio is signal

~High IV on some puts may be noise from low liquidity

Key Conclusions

📊Mixed flow: large 620C call sweep vs aggressive put hedging; net bullish bias but cautious

🛡️Aggressive put buying below 300 suggests hedging against downside risk

📌Positive GEX and DEX pin price action near current levels; 430 gamma flip key level

How to Use These Reports

This flow reflects the market close on June 24, 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.