A (A) options memo

The Read

A is down 0.84% today at $148.24.

Options traders lean neutral into 2026-08-21, and neutral further out.

A move through $135.46 would change how dealers hedge this stock.

Key numbers

• Spot: $148.24
• Lean: neutral
• Nearest expiry: Fri 8/21
• Implied move: 2.2%
• ATM implied volatility: 41.4%
• Max pain: $135.00
• Pin strike: $135.00
• Dealer positioning: SHORT GAMMA
• Call wall: $135.00
• Put wall: $150.00
• Put/call open interest: 0.600