Sep. 12 at 12:22 AM
$KEEL
NEUTRAL / TWO-SIDED — call writing + put writing
KEEL — biggest OI moves (confirmed):
Sep. 18, 2026
$4 calls +3.2k — sold at bid, sellers (bearish)
Pin: Sep. 11, 2026 max pain moved
$3 ->
$3.50 (vs ~last week).
Spot was near
$3.58 (+4.07% on the day). Net GEX printed +10.13M, spot sat above the flip
$3.04, heaviest strikes clustered
$3–
$4.
On the options side, bullish premium led
$310K to
$277K.
Premium traded:
$585K on calls vs
$174K on puts — calls took ~77% of the premium traded.
Side of tape:
$203K bought at the ask vs
$383K sold at the bid — sellers were the aggressors.
Unclassified
$173K (23%).
Largest put:
$35K, sold at the bid, in the Oct. 9, 2026
$3 puts while KEEL was near
$3.65.
Volume 3,325 vs OI 188, looks like a fresh position opening on the sell side.
Max pain / OI by expiry:
Sep. 18, 2026:
$3.50 | 77K call OI vs 7K put OI
Sep. 25, 2026:
$3.50 | 17K call OI vs 21K put OI
Oct. 2, 2026:
$2.50 | 18K call OI vs 1K put OI
Call-heavy OI out front.
