pinning
ITA · 2026-06-12 · 16:03 ET (after hours)

$ITA

ISHARES U.S. AEROSPACE & DEF

$233.99 ▼ -2.05   (-0.87%)

Free ward

Set a ward on $ITA

We DM you the instant the $240 call wall or the $200 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 $ITA

We DM you the instant the $240 call wall or the $200 put wall breaks.

Warded

$ITA is 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.

IV percentile · 1y 84 · premium elevated

Snapshot $233.99 · · 2026-06-12 · 16:03 ET (after hours)

The Levels

Put Wall $200 active wall
Gamma Flip $226 +3.6% above flip
Call Wall $240 active wall
spot $233.99

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

$245 · Jul 17 · 28Δ

$3.27 premium  ·  15%/yr annualized

Cash-Secured Put

$225 · Jul 17 · 30Δ

$3.71 premium  ·  18%/yr annualized

Not investment advice · Informational only




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