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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

Bullish tilt

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 26, 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 8.1% from MP; +0.5 VIX 18

Watch next session: Sustained call buying at upside strikes; Declining put volume

Flow Summary

Net premium: +$83.1M bullish

P/C volume ratio: 1.24

P/C OI ratio: 1.01

AMAT flow mixed with high put volume but $83M net premium positive, $15.5M positive gamma. Unusual prints show deep OTM puts (hedging) and OTM calls (bullish bets). Gamma pinning supports, but spot above MP may limit upside short-term.

Notable Prints

AMAT 2026-07-02 $260.00 Put

Vol: 901

OI: 199

Vol/OI: 4.5x

IV: 263.8%

Notional: ~$12K

Intent: Speculative

Read-through: Bearish

AMAT 2026-06-26 $660.00 Call

Vol: 1,014

OI: 246

Vol/OI: 4.1x

IV: 58.4%

Notional: ~$40K

Intent: Closing

Read-through: Neutral

AMAT 2027-06-17 $90.00 Put

Vol: 1,722

OI: 432

Vol/OI: 4.0x

IV: 117.6%

Notional: ~$362K

Intent: Speculative

Read-through: Bearish

AMAT 2027-06-17 $125.00 Put

Vol: 1,722

OI: 434

Vol/OI: 4.0x

IV: 97.4%

Notional: ~$591K

Intent: Speculative

Read-through: Bearish

AMAT 2027-06-17 $105.00 Put

Vol: 1,722

OI: 452

Vol/OI: 3.8x

IV: 108.0%

Notional: ~$365K

Intent: Speculative

Read-through: Bearish

Institutional Positioning

Call additions: Calls at 660C,665C (2.7K), 710C (730), 850C (1.9K) – bullish bets.

Put additions: Puts at 260P,270P (2.4K) and long-dated 90-125P (5.2K) – tail hedges.

GEX/DEX consistency: Yes – GEX +$15.5M, DEX +13.7M shares align with bullish flow despite put buying.

OI clusters: 2027-06-17 90-125 puts OI ~1.3K; 2026-07-17 850C OI 824.

Hedging evidence: Long-dated put sweeps (2027) indicate position hedging.

Max pain context: Spot 8.1% above MP; gamma pinning may slow decline but pull toward MP possible.

Signal vs Noise

~Signal: High vol/oi on 260P (4.5x), 660C (4.1x), 2027 puts (4x) – real money flow.

~Signal: Net premium $83M positive despite mixed ratio – underlying bullish tilt.

~Noise: Near-term 270P and 665C with tiny premiums – low conviction noise.

~Noise: Expiring 660C and 665C volume likely closing – not new positioning.

Key Conclusions

🛡️Long-dated put buying on 2027 strikes suggests institutional tail hedging.

🚀Call buying at 710C and 850C shows bullish upside speculation.

⚖️Mixed flow: net premium positive but put/call ratio >1 signals caution.

How to Use These Reports

This flow reflects the market close on June 26, 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.