Options · SYK

GEX × Max Pain for SYK

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

Expect chop between $300.00 and $360.00 — two magnets pulling in opposite directions, and the damper regime keeps moves contained.

What will probably happen

Short-term: expect oscillation between $300.00 and $360.00. No directional commitment without an external catalyst.

If you HOLD this stock: Add a hedge near $360.00 — that's the regime-flip line. Below it the structure stops protecting you and starts working against you. A put or stop just under is structurally informed.
If you TRADE this stock (no options): Range-trade between $300.00 and $360.00. Both edges are defended; breakouts on no news will fail.
If you trade OPTIONS: Iron condor wide enough to bracket $300.00–$360.00. Damper absorbs noise inside the band; theta prints without a directional bet.

Clear regime, tight convergence, full term structure (8 expirations).

Technical details

Term: Term structure: max-gamma climbs from $360.00 (front) to $380.00 (longest-dated); max-pain rises from $300.00 to $320.00; the flip point recedes from spot in longer-dated rows (more damper buffer).
Regime: Damper regime is in place (positive net GEX of $6.1K), but the flip point at $360.00 is within 4.7% of spot — a small move puts us in the amplifier zone.
Structure: Spot $343.72; front-week magnet at $360.00 (max-gamma) and $300.00 (max-pain).
Convergence: Split: max-gamma ($360.00) sits above spot while max-pain ($300.00) sits below. Hedging and OI math are pulling in OPPOSITE directions — expect chop in the band between them rather than a clean directional move.

One mid-curve expiration carries >5× the front-week dollar GEX — single-position concentration risk; signal is more vulnerable to unwinds.