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STX

Seagate Technology Holdings PLCClose $1094.04EOD only
Max Pain
$960.00
Next expiry Jun 26, 2026
Expected Move
±$100.25
9.2% from close
Price Gap
-134.04
Distance to max pain
IV Rank
14
Low premium
P/C OI
1.18
Slightly put-heavy
Consensus
6.5/10
Bullish tilt
Published snapshot: Jun 22, 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 22, 2026 close
STX Theta Report
Analysis based on market close June 22, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness6 / 10
Sizing: Conservative
Primary: Short Put Spread
Invalidation: Break below gamma flip at 800
Confidence:
4 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 14.0% from MP; +1 VIX 17

IV Environment

IV Regime
High
IV vs VIX
avg IV 95% vs VIX 17.3, ~5.5x VIX
Favorable?
Yes

Term structure: Front-end elevated, backwardation in near weeks, then rising term

🟢IV elevated to 95%, favorable for premium selling

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+3.1M)

Gamma flip: ~$800.00 — Approx — based on put OI concentration of 1,627 (26.9% below spot)

OI concentrations: Put floor $800-$860, Call wall $1150-$1500

Verdict: High pin risk near max pain $960, $940, $930

Premium Opportunities

#1
Put credit spread
Sell 2026-07-31 $1050.00/$1040.00 put spread
Sell 1050/1040 put spread, max gain ~5.72, max loss ~4.28, invalidation below 913.89.
Credit: $4.68-$5.72
Max loss: $4.28
BE: $1044.28
Mgmt: Close at 50% profit or before earnings. Monitor support at 930. Liquidity warning: Liquidity constraints: short_put: Open interest below 25.; long_put: Open interest below 25.
#2
Cash-secured put
Sell 2026-07-31 $1050.00 cash-secured put
Sell 1050 put for ~124.03 credit, but risk of assignment near 925.97 loss.
Credit: $101.48-$124.03
Max loss: $925.97
BE: $925.97
Mgmt: Roll if price approaches strike; consider closing early for profit. Liquidity warning: Liquidity constraints: short_put: Open interest below 25.

Risk Alerts

!High IV environment increases risk of large moves
!Pin risk near max pain levels
!Gamma flip at 800 key support level
How to Use These Reports
This theta reflects the market close on June 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.