$194 · Sep 25 · 30Δ
$2.76 premium · 20%/yr annualized
$XOP
SS SPDR S&P OG EXP & PROD
▼ -1.62 (-0.88%)
SS SPDR S&P OG EXP & PROD
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
$XOP is in long gamma at a calm heat level, which means dealers are likely pinning moves rather than amplifying them. The $165 call wall has been untested yesterday but historically holds 84% of the time, while the $150 put wall is also untested and typically holds 93%. Spot currently sits 6.1% above the $152.67 gamma flip, suggesting that any push lower could face resistance from dealers.
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 $XOP, scored over a year of outcomes.
$194 · Sep 25 · 30Δ
$2.76 premium · 20%/yr annualized
$178 · Sep 25 · 30Δ
$3.13 premium · 23%/yr annualized
Not investment advice · Informational only
Over the last 21 sessions · n=28
$180 call wall
held 5 sessions running
Free alert
We DM you when the $200 call wall or the $165 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 $200 call wall or the $165 put wall breaks.
…
Alert set
We'll DM you when the $200 call wall breaks. Rest easy.
Scored Levels
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