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KLAC

KLA CorporationClose $237.33EOD only
Max Pain
$188.00
Next expiry Jun 18, 2026
Expected Move
±$12.40
5.2% from close
Price Gap
-49.33
Distance to max pain
IV Rank
96
High premium
P/C OI
1.48
Slightly put-heavy
Consensus
—
No reports available
Published snapshot: Jun 16, 2026 close
End-of-day snapshot

This page reflects KLAC options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot
Jun 16, 2026 close
KLAC Theta Report
Analysis based on market close June 17, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness7 / 10
Sizing: Moderate
Primary: Short call credit spreads on 30-day expiry
Invalidation: Spot breaks above $260 resistance with volume
Confidence:
6 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 27.0% from MP; +0.5 VIX 18

IV Environment

IV Regime
High
IV vs VIX
avg IV 93.6% is 5.1x VIX 18.44, extreme premium
Favorable?
Yes

Term structure: Front-month (1DTE) ATM IV 65.9%, call IV 229%, put IV 334% due to pinning; other expirations 70-72%, mildly upward sloping

⚠️1DTE IV spike signals pin risk; avoid naked short front-month
📈30-65 day IV ~71% offers elevated premium relative to VIX

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+3.1M)

Gamma flip: ~$224.00 — Approx — based on put OI concentration of 20,821 (6.2% below spot)

OI concentrations: Max pain $188 (Jun18), $220 (Jul17), $218 (Aug21); Put floor $140-$224; Call wall $260-$320; Gamma flip near $224

Verdict: High pin risk due to tomorrow's expiration; OI at $188 and $220 may pin spot; gamma flip at $224

Premium Opportunities

#1
Iron condor
Sell 2026-07-17 $226.00/$216.00 put wing and $250.00/$260.00 call wing
Sells wings to capture premium decay; benefits from range-bound price action.
Credit: $7.69-$9.40
Max loss: $0.60
BE: 216.60 / 259.40
Mgmt: Close at 50% max gain or before earnings on July 30.
#2
Call credit spread
Sell 2026-07-17 $260.00/$290.00 call spread
Profits if spot stays below $260; uses extreme IV to collect rich premium.
Credit: $5.85-$7.15
Max loss: $22.85
BE: $267.15
Mgmt: Exit if spot pushes above $260 or at 75% max gain.

Risk Alerts

!High pin risk ahead of Jun18 expiry; 1DTE options have extreme IV skew.
!Spot 27% above max pain; potential reversion if pinning fails.
How to Use These Reports
This theta reflects the market close on June 17, 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.