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STX

Seagate Technology Holdings PLCClose $810.46EOD only

Max Pain

$727.50

Next expiry May 22, 2026

Expected Move

±$30.40

3.8% from close

Price Gap

-82.96

Distance to max pain

IV Rank

Middle-high premium

P/C OI

1.09

Balanced positioning

Consensus

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No reports available

Published snapshot: May 21, 2026 close

End-of-day snapshot

This page reflects STX options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot

May 21, 2026 close

STX Flow Report

Analysis based on market close May 22, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

8 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 10.2% from MP; +1 VIX 17

Watch next session: $700 put activity; gamma flip level $705

Flow Summary

Net premium: +$103.2M bullish

P/C volume ratio: 1.47

P/C OI ratio: 1.13

Heavy put unusual activity dominates, suggesting bearish positioning. Despite positive gamma from dealer hedging, put/call ratios remain elevated, reinforcing bearish sentiment. Spot above MP but close to gamma flip; watch for downside break.

Notable Prints

STX 2026-05-29 $700.00 Put

Vol: 562

OI: 133

Vol/OI: 4.2x

IV: 75.2%

Notional: ~$181K

Intent: Bearish

Read-through: Target 700

STX 2026-05-22 $520.00 Put

Vol: 350

OI: 106

Vol/OI: 3.3x

IV: 468.7%

Notional: ~$2K

Intent: Speculative

Read-through: Unlikely payoff

STX 2026-05-29 $720.00 Put

Vol: 245

OI: 100

Vol/OI: 2.5x

IV: 73.7%

Notional: ~$113K

Intent: Bearish

Read-through: Target 720

STX 2026-12-18 $170.00 Put

Vol: 503

OI: 234

Vol/OI: 2.1x

IV: 102.4%

Notional: ~$95K

Intent: Hedge

Read-through: Extreme downside

STX 2026-05-22 $800.00 Put

Vol: 207

OI: 103

Vol/OI: 2.0x

IV: 23.9%

Notional: ~$2K

Intent: Hedge

Read-through: Negligible

Institutional Positioning

Call additions: Net premium +103M suggests call buying, but volume dominated by puts.

Put additions: Significant put buying at strikes 700, 720, 520, 615, 170 - likely hedges/speculation.

GEX/DEX consistency: GEX +$4M (pinning) and DEX +6M shares align - dealers long gamma/delta.

OI clusters: Highest put OI at 615 (212), 170 (234), 700 (133), 720 (100).

Hedging evidence: Multiple put sweeps across expirations suggest hedging for downside.

Max pain context: Spot above MP; gamma flip at 705 acts as support.

Signal vs Noise

~Unusual put prints with high vol/oi signal hedging; deep OTM puts likely noise.

~Net premium positive is key signal despite put volume dominance.

~Gamma flip at 705 is strong support level.

Key Conclusions

🟢GEX/DEX positive consistent; spot pinned near gamma flip 705.

🟡Heavy put buying for hedges, not outright bearish bet.

🔵Net premium positive indicates call accumulation.

How to Use These Reports

This flow reflects the market close on May 22, 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.