pinning
CMI · 2026-06-12 · 16:02 ET (after hours)

$CMI

CUMMINS INC

$659.55 ▲ +3.87   (+0.59%)

Free ward

Set a ward on $CMI

We DM you the instant the $700 call wall or the $600 put wall breaks. No noise, just the break.

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Wall-break alerts arrive as a Discord DM.

Free ward

Set a ward on $CMI

We DM you the instant the $700 call wall or the $600 put wall breaks.

Warded

$CMI is warded

We'll DM you the moment the $700 call wall breaks. Rest easy.

The Read

$CMI is in long gamma at heat 39, which keeps moves in check by pinning them down. The $730 call wall is fresh today but has held 76% of tests historically, suggesting dealers are ready to defend this level again. Meanwhile, the $600 put wall also fresh today has a solid track record at holding 78% of the time, reinforcing support here.

IV percentile · 1y 95 · premium rich

Snapshot $659.55 · · 2026-06-12 · 16:02 ET (after hours)

The Levels

Put Wall $600 active wall
Gamma Flip $637 +3.5% above flip
Call Wall $700 active wall
spot $659.55

Regime pinning moves get faded back to the walls.


Scored Levels


Where the market is positioned


Implied vs Measured


Plays at the Walls

Covered Call

$710 · Jul 17 · 29Δ

$13.51 premium  ·  22%/yr annualized

Cash-Secured Put

$630 · Jul 17 · 32Δ

$17.51 premium  ·  30%/yr annualized

Not investment advice · Informational only




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