Options · TXN

GEX × Max Pain for TXN

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

Soft drift lower likely — both magnets sit below $277.36, but the damper regime absorbs sharp moves so expect drift, not breakdown.

What will probably happen

Short-term: dampers absorb moves. Expect range-bound trading until something meaningful breaks the structure.
Longer-dated OI is positioned for settlement at $145.00 (-48% from here) — gravitational pull down over weeks-to-months.

If you HOLD this stock: No structural action needed. Dampers are protecting you this week.
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.

Clear regime, tight convergence, full term structure (16 expirations).

Technical details

Term: Term structure: max-gamma climbs from $160.00 (front) to $380.00 (longest-dated); max-pain drops from $160.00 to $145.00.
Regime: Net GEX is positive ($0.00) and the per-strike GEX never flips sign — dealers are net long gamma across the chain, hedging activity DAMPENS moves throughout the listed strike range.
Structure: Spot $277.36; front-week magnet at $160.00 (max-gamma) and $160.00 (max-pain).
Convergence: Both magnets sit below spot and agree on direction: max-gamma at $160.00, max-pain at $160.00. Hedging and OI math both pull downward.

Net GEX rounds to near-zero — likely thin chain or stale/noisy IVs; lean on the max-pain signal over the GEX signal.