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STX

Seagate Technology Holdings PLCClose $812.76EOD only

Max Pain

$830.00

Next expiry Aug 14, 2026

Expected Move

±$35.25

4.3% from close

Price Gap

+17.24

Distance to max pain

IV Rank

Low premium

P/C OI

1.18

Slightly put-heavy

Consensus

5.5/10

Bearish tilt

Published snapshot: Aug 7, 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

Aug 7, 2026 close

STX Flow Report

Analysis based on market close June 24, 2026

Directional Theta Gang Flow Earnings Consensus

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

You are viewing an older report from June 24, 2026. A newer flow report is available for June 26, 2026.

View latest report

Flow Verdict

Confidence:

8.5 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 VIX 19

Watch next session: $800; $1100

Flow Summary

Net premium: +$128.4M bullish

P/C volume ratio: 1.07

P/C OI ratio: 1.20

Net positive premium and positive dealer gamma ($684K) signal bullish bias. Unusual $1100 call and $200 put reflect speculative activity. Mixed flow and high vol suggest caution, but pinning above $800 supports upside.

Notable Prints

STX 2026-06-26 $1100.00 Call

Vol: 287

OI: 148

Vol/OI: 1.9x

IV: 97.1%

Notional: ~$144K

Intent: Speculative OTM call expiring in 2 days

Dual read: Closing or opening; volume > OI indicates new position

Read-through: High risk, low probability bet

STX 2027-01-15 $200.00 Put

Vol: 216

OI: 114

Vol/OI: 1.9x

IV: 107.4%

Notional: ~$66K

Intent: Bearish hedge or long put position

Dual read: Could be short put if OI remains, but volume suggests buying

Read-through: Protection against downside below $200

Institutional Positioning

Call additions: Unusual $1100 call (6/26) with vol/oi 1.9, high IV 97%, speculative.

Put additions: Large $200 put (Jan 2027) vol/oi 1.9, IV 107%, likely institutional downside hedge.

GEX/DEX consistency: Mixed: GEX +$684K and DEX +5.2M shares positive; put volume heavier so net neutral.

OI clusters: Put OI concentrated near $800 (gamma flip), 1,679 contracts 19.5% below spot.

Hedging evidence: Long-dated put at $200 indicates hedging against downside into 2027.

Max pain context: Spot below max pain; gamma pinning suggests upward pull toward equilibrium.

Signal vs Noise

~Signal: $128M net premium inflow and long-dated put buying reflect institutional positioning.

~Noise: Short-dated $1100 call is low-probability speculative flow due to high IV and low OI.

Key Conclusions

📈Net premium +$128M signals institutional accumulation despite mixed flow.

⚠️Large Jan 2027 $200 put (vol/oi 1.9) is a bearish hedge; watch downside risk.

🎯Spot below max pain with gamma pinning may push price toward $800 gamma flip level.

How to Use These Reports

This flow reflects the market close on June 24, 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.