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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 17, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from April 17, 2026. A newer ai consensus report is available for May 22, 2026.

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Conviction
6.5

out of 10

6.5 because dealer long-gamma and low vol favor range and premium sellers, but offset by materially active buy-side flow that could trigger a regime shift; conviction is tempered by that asymmetric event risk.

Where Perspectives Agree

Market consensus is pinning inside the near-term range with dealer long-gamma supporting spot and making premium selling the path of least resistance (bullish-to-neutral bias rather than a clean breakout).

Where They Diverge

Flow signals of concentrated institutional accumulation (buy prints/skew lift) imply directional upside and potential sustained buy flow that would erode the pin — this directly contradicts the pin/stability thesis supported by theta and dealer gamma.

Top Trade
via theta

Sell May 15 725/730 call spread for ~ $0.20 credit (defined-risk, profits if pin holds and upside remains capped).

Key Risk

Sustained break and close above $725 accompanied by heavy buy flow and VIX/IV lift flips dealer gamma dynamics — removes the pin and accelerates upside toward the next resistance (~$740), invalidating the premium-selling thesis.

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