$245 · Jul 17 · 28Δ
$3.27 premium · 15%/yr annualized
ISHARES U.S. AEROSPACE & DEF
Free ward
We DM you the instant the $240 call wall or the $200 put wall breaks. No noise, just the break.
Wall-break alerts arrive as a Discord DM.
Free ward
We DM you the instant the $240 call wall or the $200 put wall breaks.
—
Warded
We'll DM you the moment the $240 call wall breaks. Rest easy.
The Read
$ITA is in long gamma at heat 31, which means dealers are pinning moves to keep them calm. The $240 call wall and the $200 put wall are both fresh today, so spot may find resistance or support at these levels as dealers step in to defend them. Spot currently sits 3.6% above the $225.83 flip, meaning any push up could face a test from long gamma dealers dampening moves.
Regime pinning — moves get faded back to the walls.
Scored Levels
PROWhere the market is positioned
Risk-neutral, implied by options pricing — where the market is positioned, not a forecast.
Implied vs Measured
PRO$245 · Jul 17 · 28Δ
$3.27 premium · 15%/yr annualized
$225 · Jul 17 · 30Δ
$3.71 premium · 18%/yr annualized
Not investment advice · Informational only
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Dealer positioning, scored in public. Methodology + sample sizes always visible.
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