$270 · Jul 17 · 22Δ
$2.02 premium · 8%/yr annualized
ILLINOIS TOOL WORKS
Free ward
We DM you the instant the $280 call wall or the $230 put wall breaks. No noise, just the break.
Wall-break alerts arrive as a Discord DM.
Free ward
We DM you the instant the $280 call wall or the $230 put wall breaks.
—
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.
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$270 · Jul 17 · 22Δ
$2.02 premium · 8%/yr annualized
$250 · Jul 17 · 33Δ
$4.17 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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