Options · XOM

GEX × Max Pain for XOM

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

Damper regime around $169.27 — moves get absorbed. Magnets are loose, so direction isn't clear; expect chop without a strong external trigger.

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 $120.00 (-29% 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.

magnets agree on direction but spread is wide; 1 data-quality caveat(s)

Technical details

Term: Term structure: max-gamma stays near $187.50 across the curve; max-pain drops from $175.00 to $120.00.
Regime: Net GEX is positive ($0.00) and spot sits comfortably above the flip point at $187.50 — dealers are net long gamma, hedging activity DAMPENS moves.
Structure: Spot $169.27; front-week magnet at $187.50 (max-gamma) and $175.00 (max-pain).
Convergence: Same-side bias but loose: max-gamma at $187.50, max-pain at $175.00. The magnets agree on direction but disagree on magnitude — directional conviction is weaker than a tight convergence.

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