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STX

Seagate Technology Holdings PLCClose $1066.07EOD only
Max Pain
$620.00
Next expiry Jun 18, 2026
Expected Move
±$46.75
4.4% from close
Price Gap
-446.07
Distance to max pain
IV Rank
100
High premium
P/C OI
1.14
Slightly put-heavy
Consensus
6.5/10
Bullish tilt
Published snapshot: Jun 17, 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
Jun 17, 2026 close
STX Theta Report
Analysis based on market close June 17, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness7 / 10
Sizing: Moderate
Primary: Iron Condor
Invalidation: Spot breaks below $911 support or above $1150 resistance; IV drops below 80%
Confidence:
4 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 71.9% from MP; +0.5 VIX 18

IV Environment

IV Regime
High
IV vs VIX
IV 116% vs VIX 18.4, extremely high
Favorable?
Yes

Term structure: Upward sloping from 74% 1DTE to ~95% 6-month, flat after 9d

📌Max pain pins at $620 (1DTE) and $900 (9DTE), far OTM for near expiry
📈IV extremely high, premium selling attractive if directional bias matches
🛡️Dealer net long gamma (+$4.3M GEX) stabilizes, but net premium positive

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+4.3M)

Gamma flip: ~$800.00 — Approx — based on put OI concentration of 1,544 (25.0% below spot)

OI concentrations: Call OI wall $1150-$1400; Put floor $700-$950; Gamma flip near $800

Verdict: Pin risk elevated for weekly $620 (OTM) and $900 (near current); structural put support at $800, call resistance at $1150

Premium Opportunities

#1
Call credit spread
Sell 2026-06-26 $1150.00/$1160.00 call spread
Sell calls above $1150 resistance, capturing elevated IV.
Credit: $1.98-$2.42
Max loss: $7.58
BE: $1152.42
Mgmt: Exit if spot breaches $1150 or IV drops below 80%.
#2
Iron condor
Sell 2026-06-26 $910.00/$905.00 put wing and $1150.00/$1160.00 call wing
Sell puts at support and calls at resistance for theta decay.
Credit: $2.52-$3.08
Max loss: $6.92
BE: 906.92 / 1153.08
Mgmt: Close if spot breaks $911 or $1150, or before earnings. Liquidity warning: Liquidity constraints: short_put: Wide spread (58%).; long_put: Wide spread (61%).
#3
Put credit spread
Sell 2026-06-26 $910.00/$905.00 put spread
Sell puts near $910 support to collect IV-enhanced premium.
Credit: $0.54-$0.66
Max loss: $4.34
BE: $909.34
Mgmt: Exit if spot falls below $911 support. Liquidity warning: Liquidity constraints: short_put: Wide spread (58%).; long_put: Wide spread (61%).

Risk Alerts

!IV extremely high, beware of volatility crush
!Pin risk near $900 for 9DTE expiry
!Spot above MP by 71.9%, mean reversion possible
How to Use These Reports
This theta reflects the market close on June 17, 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.