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SPY

SPDR S&P 500 ETFClose $742.72EOD only
Max Pain
$734.00
Next expiry May 22, 2026
Expected Move
±$4.93
0.7% from close
Price Gap
-8.72
Distance to max pain
IV Rank
22
Low premium
P/C OI
2.45
Slightly put-heavy
Consensus
9.0/10
Bullish tilt
Published snapshot: May 21, 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 21, 2026 close
SPY AI Consensus Report
Analysis based on market close May 21, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Conviction
9.0

out of 10

9 not 10 because near-term expiry $0 price introduces uncertainty but all signals converge on pin and drift.

Where Perspectives Agree

Bullish pin near $739 max pain with positive GEX and call flow — low VIX supports mean reversion drift toward $745-$758.

Where They Diverge

None — all personas align on bullish pin and low volatility regime.

Top Trade
via theta

Sell 2026-06-12 $739/$738 put spread for $0.25 credit — defined risk, profits from pin, theta decay.

Key Risk

Deviation >0.5% from $739 or VIX above 20 breaks pin — downside accelerates if gamma flips below $530.

How to Use These Reports
This ai consensus reflects the market close on May 21, 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.