pinning
SNAP · 2026-06-12 · 16:01 ET (after hours)

$SNAP

SNAP INC - A

$5.27 ▼ -0.07   (-1.22%)

Free ward

Set a ward on $SNAP

We DM you the instant the $6 call wall or the $5 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 $SNAP

We DM you the instant the $6 call wall or the $5 put wall breaks.

Warded

$SNAP is warded

We'll DM you the moment the $6 call wall breaks. Rest easy.

The Read

$SNAP is in long gamma at heat 33, which means dealer hedging dampens price swings. The $6 call and $5 put walls are both untested yesterday, leaving little track record on how they might hold if tested again today. Spot rests 13% above the $4.99 flip, suggesting any pullback could test that level soon.

IV percentile · 1y 50 · mid-range

Snapshot $5.27 · · 2026-06-12 · 16:01 ET (after hours)

The Levels

Put Wall $5 active wall
Gamma Flip $5 +12.7% above flip
Call Wall $6 active wall
spot $5.27

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

$6 · Jul 17 · 29Δ

$0.17 premium  ·  35%/yr annualized

Cash-Secured Put

$5 · Jul 10 · 33Δ

$0.21 premium  ·  57%/yr annualized

Not investment advice · Informational only


How our calls on $SNAP have played out

Over the last 21 sessions · n=8

8 Walls Called
0 Held 0 pinned · 0 rejected
0 Broke
8 Untested



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