PRU (PRU) options memo

The Read

PRU is up 0.34% today at $122.74.

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

A move through $114.53 would change how dealers hedge this stock.

Key numbers

• Spot: $122.74
• Lean: neutral
• Nearest expiry: Fri 8/21
• Implied move: 1.1%
• ATM implied volatility: 20.7%
• Max pain: $120.00
• Pin strike: $120.00
• Gamma flip: $114.53
• Dealer positioning: SHORT GAMMA
• Call wall: $125.00
• Put wall: $120.00
• Put/call open interest: 0.862