Expiry: 2026-08-17 · 1306 min remaining · 10:13:55 PM UTC · Data delayed ~15 min · v1.5
Extreme Put Flow — $777 Strike
vol/OI 23.73x — extreme new positioning on put
Spot Price
$776.01
BS Fair: $776.25
Max Pain
$775
Spot $1.09 above ▲
PCR
1.37
bearish
Gamma Flip
$777
Spot below → −GEX
Net GEX
+126M
Positive regime
IV Skew
0.024
ATM IV 7.7%
Key Strikes — OI & Flow
| Strike | Type | Call OI | Put OI | Vol/OI | IV | GEX |
|---|---|---|---|---|---|---|
| $775 | PUT WALL | 2,297 | 5,676 | 13.58× | 10.5% | -142M |
| $776 | ATM | 3,209 | 4,498 | 22.68× | 10.4% | -10M |
| $777 | γ FLIP | 2,098 | 2,658 | 23.73× | 10.3% | +5M |
| $778 | OTM | 2,837 | 2,144 | 18.61× | 10.8% | +75M |
| $779 | OTM | 2,391 | 736 | 13.97× | 11.3% | +95M |
Market Structure
bearish bias
Put IV premium vs calls
Dealers long gamma
Spot vs $775 max pain
Key Levels
ETF Context — Prev Day Close
QQQ
$731.07
-0.32%
IWM
$305.09
+ 0.60%
VIXY
$18.63
-0.43%
TLT
$82.04
-0.23%
GLD
$401.48
-0.17%
XLF
$58.16
-0.10%
Spot at $776.01 is below the $777 gamma flip — dealers are long gamma, suppressing movement (buy dips, sell rips).
PCR 1.37 signals bearish bias.
Max pain at $775 is $1.09 below spot. Pin pressure intensifies into close — likely settling zone near $777–$780.
$777 put extreme flow (vol/OI 23.73×): vol/OI 23.73x — extreme new positioning on put