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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

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 June 4, 2026

Directional Theta Gang Flow Earnings Consensus

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

Conviction

8.0

out of 10

8 not 9 because the QQQ divergence and heavy put OI create downside risk that could break the pin despite high confidence from each persona.

Where Perspectives Agree

All personas converge on a bullish pin to $755 with low VIX and strong dealer gamma support, favoring mild upward drift within a $753-$761 range.

Where They Diverge

Flow shows aggressive put buying at 757-758 (hedging, not bearish) and elevated put OI ratio (2.3), while directional notes QQQ negative divergence — a bearish signal that could drag SPY lower, conflicting with the bullish pin thesis.

Top Trade

via theta

Sell 2026-07-02 $755/$750 put credit spread for $1.50 credit

Key Risk

Break below $755 support flips dealer gamma long, triggering a cascade to $750 put OI concentration and invalidating the pin.

How to Use These Reports

This ai consensus reflects the market close on June 4, 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.