base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 55.3% from MP; +1 VIX 16
Term structure: 0DTE at 44%, steep jump to 102% at 8DTE, then gradual decline; signals near-term event risk and skew
Spot vs MP: Above
GEX regime: Pinning ($+53.1M)
Gamma flip: ~$287.50 — Approx — based on put OI concentration of 15,729 (7.4% below spot)
OI concentrations: Put floor $160-$288, call wall $330, gamma flip $287.5
#1Put credit spread
Sell 2026-07-10 $285.00/$260.00 put spread
Sell 285/260 put spread to collect elevated premium while limiting downside risk.
Mgmt: Exit if spot breaks below 287.5; take profit at 50% max gain.
#2Iron condor
Sell 2026-07-10 $285.00/$260.00 put wing and $370.00/$400.00 call wing
Sell 285/260 put and 370/400 call wings to capitalize on high IV.
Mgmt: Manage delta; exit if spot approaches short strikes.
#3Short strangle
Sell 2026-07-17 $260.00 put + sell $420.00 call
Sell 260 put and 420 call to collect inflated premium.
Mgmt: Monitor closely; roll or close if spot nears strikes.
!0DTE expiration: extreme gamma risk
!High IV and inverse term structure suggest potential binary event
!Put OI concentration near support may pin price