base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.2% from MP; +1 VIX 18
Watch next session: Monitor call OI changes; Check spot relative to gamma flip
Net premium: +$50.3M bullish
P/C volume ratio: 0.51
P/C OI ratio: 0.84
Aggressive OTM call buying, high net premium, and strong positive gamma suggest bullish sentiment. Put volume ratio low, flow regime bullish. Key support at 352.5.
Call additions: Heavy OTM call buying at 360-365 strikes for June 12 expiry, plus July 410 call.
Put additions: Unusual put buying at 357.5, 355, 352.5, possibly hedging.
GEX/DEX consistency: GEX +$47.7M positive, DEX +59.8M shares, consistent with bullish flow.
OI clusters: Largest OI: 365 call (2.8k), 360 call (2.1k), 357.5 put added heavily.
Hedging evidence: Put buying at lower strikes suggests downside protection; collar-like activity.
Max pain context: Spot near max pain (approx 357.5-360), pinning expected.
~Signal: heavy OTM call accumulation and positive GEX/DEX indicate institutional bullish positioning.
~Noise: put volume spikes likely hedging, not directional bearishness.