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SPY

SPDR S&P 500 ETFClose $738.18EOD only
Max Pain
$735.00
Next expiry May 13, 2026
Expected Move
±$3.62
0.5% from close
Price Gap
-3.18
Distance to max pain
IV Rank
30
Middle-high premium
P/C OI
2.57
Slightly put-heavy
Consensus
6.5/10
Downside lean
Published snapshot: May 12, 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
May 12, 2026 close
SPY AI Consensus Report
Analysis based on market close May 13, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Conviction
7.5

out of 10

7.5 not 9 because Flow's put wall at $740-$744 and term structure put IV spikes on 5/15 create near-term uncertainty that tempers the otherwise strong pin consensus.

Where Perspectives Agree

Bullish pin to $735 supported by dealer gamma long, max pain, and put credit spread opportunity with high confidence.

Where They Diverge

Flow reports heavy put flow near $740-$744 implying resistance, directly contradicting directional upward bias beyond $740.

Top Trade
via theta

Sell 2026-06-05 $735/$733 put credit spread for $0.45 credit, defined risk, profits from pin at $735.

Key Risk

Break below $735 triggers dealer gamma unwind and accelerates downside toward $700, invalidating the pin and put credit spread thesis.

How to Use These Reports
This ai consensus reflects the market close on May 13, 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.