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SPY

SPDR S&P 500 ETFClose $758.54EOD only
Max Pain
$751.00
Next expiry Jun 2, 2026
Expected Move
±$3.19
0.4% from close
Price Gap
-7.54
Distance to max pain
IV Rank
15
Low premium
P/C OI
2.25
Slightly put-heavy
Consensus
4.0/10
Bullish tilt
Published snapshot: Jun 1, 2026 close
End-of-day snapshot

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

Published Snapshot
Jun 1, 2026 close
SPY AI Consensus Report
Analysis based on market close April 15, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from April 15, 2026. A newer ai consensus report is available for May 22, 2026.

View latest report
Conviction
6.5

out of 10

6.5 because gamma/flow alignment and heavy call flow produce a reliable pin into expiry, but conviction is tempered by a known binary catalyst during the same window (earnings/4/16–4/17) and low IV which reduces room for safe premium-selling — either can rapidly reverse the setup.

Where Perspectives Agree

Market is pinned near $700 with dealer short-gamma and concentrated call flow creating an asymmetric setup where small directional pushes are amplified — favors contained range and premium decay into the week-close.

Where They Diverge

Theta-driven premium-selling into the pin conflicts directly with the near-term earnings/catalyst signal that multiple personas flagged; the event-driven view anticipates an IV spike that would make short-premium trades vulnerable and could invalidate the pin, while directional and flow signals favor staying short into the magnet.

Top Trade
via theta

Sell 2026-04-17 $705/$707 call spread for credit (collect approx. $0.40–$0.60) — defined-risk, plays the pin while limiting upside exposure.

Key Risk

A decisive break below $691.92 (the 1-week lower guardrail) flips dealer gamma behavior, triggers accelerated hedging and stop cascades — downside would quickly accelerate toward the $680 area and invalidate the pin/trade.

How to Use These Reports
This ai consensus reflects the market close on April 15, 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.