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

$M

MACY'S INC

$25.37 ▲ +0.33   (+1.32%)

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We DM you the instant the $26 call wall or the $22 put wall breaks. No noise, just the break.

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Free ward

Set a ward on $M

We DM you the instant the $26 call wall or the $22 put wall breaks.

Warded

$M is warded

We'll DM you the moment the $26 call wall breaks. Rest easy.

The Read

$M is in long gamma at heat 26, so dealer positioning pins moves around key levels. The $26 call wall and the $22 put wall are fresh today, meaning they haven’t been tested yet. Spot stands 31.9% above its $19.24 gamma flip, suggesting that any upside push will likely run with the trend.

IV percentile · 1y 34 · premium quiet

Snapshot $25.37 · · 2026-06-12 · 16:03 ET (after hours)

The Levels

Put Wall $22 active wall
Gamma Flip $19 +31.9% above flip
Call Wall $26 active wall
spot $25.37

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

$27 · Jul 10 · 29Δ

$0.51 premium  ·  27%/yr annualized

Cash-Secured Put

$23.5 · Jul 10 · 28Δ

$0.64 premium  ·  37%/yr annualized

Not investment advice · Informational only




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