TER (TER) options memo

The Read

The Read is generated on demand from the live tape.

Key numbers

• Spot: $367.69
• Lean: neutral
• Nearest expiry: Fri 8/28
• Implied move: 4.2%
• ATM implied volatility: 81.1%
• Max pain: $380.00
• Pin strike: $405.00
• Gamma flip: $404.80
• Dealer positioning: SHORT GAMMA
• Call wall: $405.00
• Put wall: $320.00
• Put/call open interest: 0.720