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

$ITW

ILLINOIS TOOL WORKS

$257.39 ▲ +2.93   (+1.15%)

Free ward

Set a ward on $ITW

We DM you the instant the $280 call wall or the $230 put wall breaks. No noise, just the break.

or sign in another way

Wall-break alerts arrive as a Discord DM.

Free ward

Set a ward on $ITW

We DM you the instant the $280 call wall or the $230 put wall breaks.

Warded

$ITW is warded

We'll DM you the moment the $280 call wall breaks. Rest easy.

The Read

$ITW is in long gamma at heat 26, which keeps moves dampened by dealer pinning. The $280 call wall and the $230 put wall are fresh today, suggesting dealers are setting new levels to defend. Spot sits 4.5% above the $241.64 flip, so any push up faces a tested barrier soon.

IV percentile · 1y 65 · premium elevated

Snapshot $257.39 · · 2026-06-12 · 16:02 ET (after hours)

The Levels

Put Wall $230 active wall
Gamma Flip $244 +5.5% above flip
Call Wall $280 active wall
spot $257.39

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

$270 · Jul 17 · 22Δ

$2.02 premium  ·  8%/yr annualized

Cash-Secured Put

$250 · Jul 17 · 33Δ

$4.17 premium  ·  18%/yr annualized

Not investment advice · Informational only




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