$625 · Nov 13
30%/yr annualized
$SMH
VanEck Semiconductor ETF · Semis ETF
▼ -12.37 (-2.05%)
VanEck Semiconductor ETF · Semis ETF
Regime trending · dealers are chasing the move.
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
Next session: SMH is in amplifying gamma, so moves can run and gap. The $611 flip is the pivot.
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 $SMH, with scored outcomes and historical backtests.
$625 · Nov 13
30%/yr annualized
$565 · Nov 13
21%/yr annualized
Not investment advice · Informational only
Over the last 21 sessions · n=30
$600 put wall
held 1 sessions running
$600 call wall
broke 1.2% on 2026-09-22
Free alert
We DM you when the $650 call wall or the $550 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 $650 call wall or the $550 put wall breaks.
…
Alert set
We'll DM you when the $650 call wall breaks. Rest easy.
Scored Levels
PROImplied vs Measured
PROWe render it and post it to YouTube, scored in public and credited to you.
Every like it earns becomes Res for you. 100 Res a like, and 1,000 Res is a day of Pro.
Runir on YouTubePick the timeframe and send. It renders straight to your videos, scored in public and credited to you.
Pro picks the timeframe and skips the queue. Go Pro
Two cards a day + the weekly accountability post, as they drop. Your invite unlocks the moment you subscribe, no cost, just an email.
Subscribe to unlock →Drop your email: the weekly receipt, plus your Discord invite, instantly.
Dealer positioning, scored in public. Methodology + sample sizes always visible.
How we score ourselves →The rune teller
