thetaOwl

SPY

SPDR S&P 500 ETFClose $742.31EOD only
Max Pain
$735.00
Next expiry May 14, 2026
Expected Move
±$3.93
0.5% from close
Price Gap
-7.31
Distance to max pain
IV Rank
43
Middle-high premium
P/C OI
2.54
Slightly put-heavy
Consensus
7.5/10
Bullish tilt
Published snapshot: May 13, 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 13, 2026 close
SPY AI Consensus Report
Analysis based on market close May 14, 2026

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

Conviction
8.0

out of 10

8 not 9 because Flow's neutral stance and Theta's tail risk alert temper upside conviction, despite strong directional alignment.

Where Perspectives Agree

All personas converge on bullish pin within $739-$765 range, supported by dealer long gamma, positive GEX, and above-max-pain spot.

Where They Diverge

Theta highlights extreme near-dated put IV as tail risk, while Flow sees heavy put buying as institutional hedging, creating tension between premium selling and downside protection.

Top Trade
via directional

Buy 2026-06-18 $750/$760 bull call spread for net debit, targeting drift to $765.

Key Risk

Break below $739 max pain flips dealer gamma long, accelerating decline toward $720 support.

How to Use These Reports
This ai consensus reflects the market close on May 14, 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.