base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 11.4% from MP; +1 VIX 16
Term structure: Upward-sloping from very low front-month (7.75%) to ~30%+ in weekly expiries
Spot vs MP: Above
GEX regime: Pinning ($+91.4M)
Gamma flip: ~$330.00 — Approx — based on put OI concentration of 26,159 (10.2% below spot)
OI concentrations: Max pain pins: $330, $365, $368; call wall $400-$415; put floor $310-$330
#1Put credit spread
Sell 2026-06-26 $360.00/$355.00 put spread
Sell 360/355 put spread to collect premium while limiting downside below 355.
Mgmt: Close at 50% max gain or if spot breaks 350.58.
#2Iron condor
Sell 2026-06-26 $360.00/$355.00 put wing and $375.00/$380.00 call wing
Sell 360/355 put wing and 375/380 call wing for net credit.
Mgmt: Manage wings individually; exit if spot approaches short strike.
#3Cash-secured put
Sell 2026-06-26 $360.00 cash-secured put
Sell 360 cash-secured put to collect premium with obligation to buy.
Mgmt: Roll if spot drops toward strike or close at 50% profit.
!Short put spread risks: spot 11.4% above $330 pin, but if spot drops below short strike, losses can accelerate