ᚱ RUNIR
balanced
XBI · 2026-06-12 · 16:01 ET (after hours)

$XBI

SS SPDR S&P BIOTECH ETF

$133.76 ▲ +1.01   (+0.76%)

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Set a ward on $XBI

We DM you the instant the $145 call wall or the $125 put wall breaks. No noise, just the break.

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Free ward

Set a ward on $XBI

We DM you the instant the $145 call wall or the $125 put wall breaks.

—

Warded

$XBI is warded

We'll DM you the moment the $145 call wall breaks. Rest easy.

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The Read

$XBI is in short gamma at heat 58, which means dealer hedging amplifies moves rather than dampening them. The $145 call wall and the $125 put wall are both fresh today, while spot sits 3.1% below the $132.81 flip, so the next push down runs with the trend.

IV percentile · 1y 83 · premium elevated
Snapshot $133.76 · · 2026-06-12 · 16:01 ET (after hours)

The Levels

Put Wall $125 active wall
Gamma Flip $133 +0.5% from flip — on the edge
Call Wall $145 active wall
spot $133.76

Regime balanced — no clear edge from positioning.

Scored Levels

Where the market is positioned

Implied vs Measured

Plays at the Walls

Covered Call

$141 · Jul 10 · 29Δ

$1.81 premium  ·  18%/yr annualized

Cash-Secured Put

$128 · Jul 17 · 30Δ

$2.66 premium  ·  22%/yr annualized

Not investment advice · Informational only

How our calls on $XBI have played out

Over the last 21 sessions · n=8

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

Read the methodology →

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