Options · ZTS

GEX × Max Pain for ZTS

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

Damper regime around $82.99 — 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 $95.00 (+14% from here) — gravitational pull up 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 climbs from $50.00 (front) to $95.00 (longest-dated); max-pain rises from $40.00 to $95.00.
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 $82.99; front-week magnet at $50.00 (max-gamma) and $40.00 (max-pain).
Convergence: Same-side bias but loose: max-gamma at $50.00, max-pain at $40.00. The magnets agree on direction but disagree on magnitude — directional conviction is weaker than a tight convergence.

Key price and metric levels
Level	Value
far pain	95
far gamma	95

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