Options · UVXY

GEX × Max Pain for UVXY

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

Soft drift higher likely: both magnets sit above $16.75, but the damper regime absorbs sharp moves so expect drift, not breakout.

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 $6.00 (-64% 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 (13 expirations).

Technical details

Structure: Spot $16.75; front-week magnet at $17.50 (max-gamma) and $17.50 (max-pain).
Regime: Net GEX is positive ($549.7K) and spot sits comfortably above the flip point at $12.00: dealers are net long gamma, hedging activity DAMPENS moves.
Convergence: Both magnets sit above spot and agree on direction: max-gamma at $17.50, max-pain at $17.50. Hedging and OI math both pull upward.
Term: Term structure: max-gamma climbs from $17.50 (front) to $35.00 (longest-dated); max-pain drops from $17.50 to $6.00; the flip point recedes from spot in longer-dated rows (more damper buffer).