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WDC

Western Digital CorporationClose $451.52EOD only

Max Pain

$535.00

Next expiry Aug 7, 2026

Expected Move

±$20.45

4.5% from close

Price Gap

+83.48

Distance to max pain

IV Rank

Low premium

P/C OI

1.24

Slightly put-heavy

Consensus

3.5/10

Bearish tilt

Published snapshot: Aug 6, 2026 close

End-of-day snapshot

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

Published Snapshot

Aug 6, 2026 close

WDC Flow Report

Analysis based on market close June 23, 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 23, 2026. A newer flow report is available for June 26, 2026.

View latest report

Flow Verdict

Confidence:

9 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.1% from MP; +0.5 VIX 19

Watch next session: $500; $725

Flow Summary

Net premium: +$98.2M bullish

P/C volume ratio: 1.43

P/C OI ratio: 1.37

Heavy put buying elevates put/call ratios despite positive net premium, indicating hedged bears. Dealers long delta (+10.6M) and positive gamma ($1.1M) pin spot near $670. High vols and spy/qqq weakness add pressure but mixed flow limits directional conviction. Watch key levels.

Notable Prints

WDC 2026-07-17 $90.00 Put

Vol: 1,501

OI: 181

Vol/OI: 8.3x

IV: 333.3%

Notional: ~$26K

Intent: Bearish tail hedge

Read-through: Extreme bearish speculation

WDC 2026-06-26 $700.00 Call

Vol: 404

OI: 165

Vol/OI: 2.5x

IV: 115.7%

Notional: ~$776K

Intent: Bullish bet

Dual read: Covered call possible

Read-through: Upside expectation

WDC 2026-07-17 $95.00 Put

Vol: 2,048

OI: 906

Vol/OI: 2.3x

IV: 341.4%

Notional: ~$35K

Intent: Bearish hedge

Read-through: Tail risk protection

WDC 2026-06-26 $580.00 Put

Vol: 226

OI: 100

Vol/OI: 2.3x

IV: 121.2%

Notional: ~$124K

Intent: Protective put

Dual read: Bearish directional

Read-through: Moderate downside

WDC 2026-07-24 $335.00 Put

Vol: 508

OI: 251

Vol/OI: 2.0x

IV: 134.6%

Notional: ~$138K

Intent: Long-term bearish

Read-through: Extended downside view

Institutional Positioning

Call additions: Aggressive OTM calls at $700/$725 (6/26) but low OI

Put additions: Heavy put buying at $90, $95, $580, $335, $430

GEX/DEX consistency: GEX +$1.1M bullish, DEX +10.6M bullish, consistent

OI clusters: Put OI concentration near $500 gamma flip and lower strikes

Hedging evidence: Puts at key strikes suggest hedging or bearish bets

Max pain context: Spot at MP, pinning likely

Signal vs Noise

~Positive GEX/DEX and net premium are signal

~Low-volume far OTM calls are noise

Key Conclusions

🛡️Institutions hedging with puts while maintaining bullish GEX/DEX

📌Max pain pinning near $500 likely

How to Use These Reports

This flow reflects the market close on June 23, 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.