Options · HD

GEX × Max Pain for HD

AI-generated plain-English read of gex × max pain for HD. Updated daily.

Amplifier regime around $355.44 — moves get accelerated. Watch for any trigger; the structure won't dampen it.

What will probably happen

Short-term: moves get amplified. Expect bigger swings than the news warrants.
Longer-dated OI is positioned for settlement at $300.00 (-16% from here) — gravitational pull down over weeks-to-months.

If you HOLD this stock: Amplifier regime — drops will be sharper than the news warrants. Consider a small protective put if you're sensitive to drawdowns.
If you TRADE this stock (no options): No clean directional setup from the structure. Wait for an external trigger (earnings, sector flow, news) before sizing.
If you trade OPTIONS: No edge from the structure alone — premium is fairly priced for the regime. Wait for tighter convergence or a clearer directional setup.

magnets agree on direction but spread is wide; 2 data-quality caveat(s)

Technical details

Term: Term structure: max-gamma climbs from $350.00 (front) to $400.00 (longest-dated); max-pain drops from $325.00 to $300.00.
Regime: Net GEX is negative ($-972.06) and the per-strike GEX never flips sign — dealers are net short gamma across the entire chain, hedging AMPLIFIES moves with no zero-crossing buffer.
Structure: Spot $355.44; front-week magnet at $350.00 (max-gamma) and $325.00 (max-pain).
Convergence: Same-side bias but loose: max-gamma at $350.00, max-pain at $325.00. The magnets agree on direction but disagree on magnitude — directional conviction is weaker than a tight convergence.

One mid-curve expiration carries >5× the front-week dollar GEX — single-position concentration risk; signal is more vulnerable to unwinds.
Net GEX rounds to near-zero — likely thin chain or stale/noisy IVs; lean on the max-pain signal over the GEX signal.