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STX

Seagate Technology Holdings PLCClose $1025.36EOD only
Max Pain
$1000.00
Next expiry Jun 26, 2026
Expected Move
±$42.20
4.1% from close
Price Gap
-25.36
Distance to max pain
IV Rank
17
Low premium
P/C OI
1.19
Slightly put-heavy
Consensus
7.0/10
Bullish tilt
Published snapshot: Jun 25, 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 25, 2026 close
STX Theta Report
Analysis based on market close June 26, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness6 / 10
Sizing: Moderate
Primary: Short Put Spreads
Invalidation: Break below $800 gamma flip or above $1000 call wall
Confidence:
4 / 10
base 5; -1 spot 10.5% from MP; +0.5 VIX 18

IV Environment

IV Regime
High
IV vs VIX
IV 104.6% vs VIX 18.4, elevated premium but contango offers decay
Favorable?
Yes

Term structure: 0dte IV low, then steep contango to ~90% exp, favorable for theta

📈IV elevated with strong contango, decay favorable for premium sellers

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Trending ($-2.0M)

Gamma flip: ~$800.00 — Approx — based on put OI concentration of 1,682 (11.1% below spot)

OI concentrations: Put OI heavy at $800 (gamma flip), Call wall $1000-$1150

Verdict: Spot ~$900 below max pain $1005, puts at $800 act as floor

Premium Opportunities

#1
Put credit spread
Sell 2026-07-02 $860.00/$850.00 put spread
Sell $860/$850 puts for theta capture.
Credit: $3.73-$4.56
Max loss: $5.44
BE: $855.44
Mgmt: Exit if spot < $860 or at 50% max gain.
#2
Call calendar
Sell 2026-07-02 $900.00 call / buy 2026-07-10 $900.00 call
Sell front, buy back $900 calls for vol differential.
Debit: $17.82-$21.78
Max loss: $21.78
BE: Path-dependent
Mgmt: Close if spot nears $900; monitor earnings. Liquidity warning: Liquidity constraints: short_call: Open interest below 25.; long_call: Open interest below 25.
#3
Iron condor
Sell 2026-07-02 $860.00/$855.00 put wing and $900.00/$905.00 call wing
Sell OTM put & call wings in $860-$940 range.
Credit: $5.17-$6.32
Max loss: $0.00
BE: 853.68 / 906.32
Mgmt: Adjust wings near boundaries; exit early if IV collapses. Liquidity warning: Liquidity constraints: long_put: Open interest below 25.; short_call: Open interest below 25.; long_call: Open interest below 25.

Risk Alerts

!Spot 10.5% below max pain, potential drift lower toward $860 support
!Gamma flip at $800 if selling intensifies
How to Use These Reports
This theta reflects the market close on June 26, 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.