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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
29
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 Theta Report
Analysis based on market close June 26, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness7 / 10
Sizing: Moderate
Primary: Short put verticals
Invalidation: Break below $580 support
Confidence:
6 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 8.1% from MP; +0.5 VIX 18

IV Environment

IV Regime
High
IV vs VIX
Avg IV 88.8% vs VIX 18.4 – extreme elevated
Favorable?
Yes

Term structure: Front-week skew extreme (put IV 233%); term steep then flattens; contango.

⚠️Put skew 233% on front week signals high tail risk.
🟢Positive GEX $15.5M supports pinning at $580.
🔴Spot 8.1% above max pain may invite reversion.

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+15.5M)

OI concentrations: Max pain $580 (0 DTE), $550 (1W), $540 (2W); Call wall $680-$800; Put floor $430

Verdict: Spot above MP; pin risk moderate-high due to OI concentration at $580 and call resistance.

Premium Opportunities

#1
Iron condor
Sell 2026-07-31 $580.00/$570.00 put wing and $650.00/$660.00 call wing
Sell $580/$570 put spread and $650/$660 call spread, net credit up to $9.62.
Credit: $7.88-$9.62
Max loss: $0.38
BE: 570.38 / 659.62
Mgmt: Exit if spot nears strikes; adjust wings on volatility spike. Liquidity warning: Liquidity constraints: long_put: Open interest below 25.
#2
Put credit spread
Sell 2026-07-31 $580.00/$570.00 put spread
Sell $580/$570 put spread for up to $4.43 credit, max loss $5.57.
Credit: $3.62-$4.43
Max loss: $5.57
BE: $575.57
Mgmt: Exit if spot breaks below $580; roll down if support weakens. Liquidity warning: Liquidity constraints: long_put: Open interest below 25.

Risk Alerts

!Spot above MP by 8.1% – risk of reversion to $580.
!Front-week put skew suggests crash hedges; may amplify sell-off.
!Call wall $680-$800 could cap upside; watch for gamma flip.
How to Use These Reports
This theta 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.