$340 · Sep 25 · 30Δ
$10.65 premium · 47%/yr annualized
$COHR
COHERENT CORP
▲ +0.74 (+0.25%)
COHERENT CORP
Regime balanced · no clear edge from positioning.
Each wall is the strike carrying the heaviest open interest within 15% of price, call above as resistance, put below as support, pooled across all listed expirations. It is a structural positioning level, not a single expiry pin. Max pain is tracked separately.
The Read
$COHR is in long gamma at heat 45, which means dealers are dampening price swings instead of amplifying them. The $370 put wall has held 9 sessions running, while the $450 call wall remains untested yesterday. With spot currently 5.5% above the $374.22 gamma flip, the next leg up faces a well-defended level.
Where the market is positioned
Risk-neutral, implied by options pricing. Where the market is positioned, not a forecast.
Talk to the oracle
Free. No login. Real dealer positioning on $COHR, scored over a year of outcomes.
$340 · Sep 25 · 30Δ
$10.65 premium · 47%/yr annualized
$270 · Sep 25 · 30Δ
$13.55 premium · 65%/yr annualized
Not investment advice · Informational only
Over the last 21 sessions · n=28
$330 put wall
held 1 sessions running
$300 put wall
broke 4.2% on 2026-08-19
Free alert
We DM you when the $300 call wall or the $280 put wall breaks. No noise, just the break.
Wall-break alerts arrive as a Discord DM. Pro gets them live, the instant the wall breaks.
Free alert
We DM you when the $300 call wall or the $280 put wall breaks.
…
Alert set
We'll DM you when the $300 call wall breaks. Rest easy.
Scored Levels
PROImplied vs Measured
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Dealer positioning, scored in public. Methodology + sample sizes always visible.
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