$32.5 · Aug 21 · 28Δ
$0.93 premium · 27%/yr annualized
$SM
SM Energy Co · Energy · $7.2B
▲ +1.57 (+5.96%)
SM Energy Co · Energy · $7.2B
Regime volatile · lots of action, but dealers hold the range.
Each wall is the strike carrying the heaviest open interest within 15% of price, call above as resistance, put below as support, pooled across all listed expirations. It is a structural positioning level, not a single expiry pin. Max pain is tracked separately.
The Read
$SM is in long gamma at heat 63, which means dealers are pinning moves instead of amplifying them. The $30 call wall and the $25 put wall are both fresh today, so these levels could see dealer interest if tested. Spot stands 3.5% above its $26.98 gamma flip, pushing it closer to a trend reversal.
Where the market is positioned
Risk-neutral, implied by options pricing. Where the market is positioned, not a forecast.
Talk to the oracle
Free. No login. Real dealer positioning on $SM, scored over a year of outcomes.
$32.5 · Aug 21 · 28Δ
$0.93 premium · 27%/yr annualized
$25 · Aug 21 · 26Δ
$0.95 premium · 32%/yr annualized
Not investment advice · Informational only
Free alert
We DM you when the $30 call wall or the $25 put wall breaks. No noise, just the break.
Wall-break alerts arrive as a Discord DM. Pro gets them live, the instant the wall breaks.
Free alert
We DM you when the $30 call wall or the $25 put wall breaks.
…
Alert set
We'll DM you when the $30 call wall breaks. Rest easy.
Scored Levels
PROImplied vs Measured
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