$250 · Sep 18 · 29Δ
$3.33 premium · 24%/yr annualized
$IBM
International Business Machines Corp · Technology · $216.6B
▲ +6.87 (+2.99%)
International Business Machines Corp · Technology · $216.6B
range held 3 sessions, both sides
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
$IBM is in a neutral regime at heat 50, so dealer positioning neither dampens nor amplifies moves. The $230 call wall has been untested yesterday, while the $200 put wall has held 82% of tests, which dealers have reliably defended. Spot is 3.7% below the $220.75 gamma flip, so a move back up faces a tested barrier first.
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 $IBM, scored over a year of outcomes.
$250 · Sep 18 · 29Δ
$3.33 premium · 24%/yr annualized
$230 · Sep 18 · 30Δ
$3.73 premium · 28%/yr annualized
Not investment advice · Informational only
Over the last 21 sessions · n=10
Free alert
We DM you when the $250 call wall or the $220 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 $250 call wall or the $220 put wall breaks.
…
Alert set
We'll DM you when the $250 call wall breaks. Rest easy.
Scored Levels
PROImplied vs Measured
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