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AMAT

Applied Materials, Inc.Close $668.00EOD only

Max Pain

$555.00

Next expiry Jun 26, 2026

Expected Move

±$13.75

2.1% from close

Price Gap

-113.00

Distance to max pain

IV Rank

Middle-high premium

P/C OI

1.01

Balanced positioning

Consensus

6.5/10

Range bias

Published snapshot: Jun 25, 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 25, 2026 close

AMAT Flow Report

Analysis based on market close June 25, 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 20.4% from MP; +0.5 VIX 19

Watch next session: 6/26 expiry; 700 call OI; VIX direction

Flow Summary

Net premium: +$199.3M bullish

P/C volume ratio: 0.80

P/C OI ratio: 1.01

Heavy call volume dominates, especially near-term strikes; dealers long gamma/delta. Despite far OTM puts, flow remains bullish. Pinning bias towards upper strikes.

Notable Prints

AMAT 2026-06-26 $700.00 Call

Vol: 4,493

OI: 428

Vol/OI: 10.5x

IV: 65.3%

Notional: ~$1.3M

Intent: Bullish speculation

Dual read: Hedge or cover

Read-through: High vol, aggressive

AMAT 2026-07-02 $780.00 Call

Vol: 1,013

OI: 103

Vol/OI: 9.8x

IV: 73.7%

Notional: ~$288K

Intent: Bullish far OTM

Read-through: Speculative

AMAT 2026-07-17 $150.00 Put

Vol: 2,366

OI: 257

Vol/OI: 9.2x

IV: 208.2%

Notional: ~$9K

Intent: Tail hedge

Dual read: Lottery

Read-through: No impact

AMAT 2026-06-26 $680.00 Call

Vol: 2,477

OI: 275

Vol/OI: 9.0x

IV: 68.6%

Notional: ~$1.8M

Intent: Bullish or covering

Dual read: Buy-write

Read-through: ITM call bullish

AMAT 2026-07-02 $230.00 Put

Vol: 1,607

OI: 243

Vol/OI: 6.6x

IV: 236.7%

Notional: ~$5K

Intent: Tail hedge

Read-through: Negligible

Institutional Positioning

Call additions: Heavy call buying at 700C, 680C (weekly); deferred 720C, 780C.

Put additions: Deep OTM puts (150P, 230P) for tail hedging.

GEX/DEX consistency: Positive GEX and DEX align with bullish flow.

OI clusters: Largest OI at 700C, 680C for weekly expiry.

Hedging evidence: Deep OTM puts indicate tail risk hedging.

Max pain context: Spot above MP; pinning gamma near 680-700.

Signal vs Noise

~High volume/low OI at 700C is signal of new positioning.

~Deep OTM puts with tiny premiums are noise.

~Low put volume ratio suggests bullish bias.

Key Conclusions

📈Bullish call flow near pinning zone with tail hedge.

How to Use These Reports

This flow reflects the market close on June 25, 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.