Aug. 17 at 9:31 PM
$PATH
READ: BULLISH — put writing + call buying
PATH — biggest OI moves (confirmed):
Sep. 18, 2026
$16 puts +7.3k — sold at bid, sellers (bullish)
Aug. 21, 2026
$18 calls +4.8k — bought at ask, buyers (bullish)
Aug. 21, 2026
$15 puts +1.4k — sold at bid, sellers (bullish)
Pin: Aug. 21, 2026 max pain moved
$11 ->
$12 (vs ~last week).
Spot was near
$15.94 (-0.44% on the day). Net GEX printed +1.92M, spot sat above the gamma flip (~
$14.52), heaviest strikes clustered
$13–
$15.
On the options side, bearish premium led
$1.69M to
$1.64M.
Premium traded:
$3.23M on calls vs
$557K on puts — calls took ~85% of the premium traded.
Side of tape:
$1.52M bought at the ask vs
$1.80M sold at the bid — sellers were the aggressors.
Largest call:
$18K, bought at the ask, in the Nov. 20, 2026
$15 calls while PATH was near
$16.08.
Volume 179 vs OI 934, looks like existing bets getting worked.
Largest put:
$20K, bought at the ask, in the Sep. 11, 2026
$16 puts while PATH was near
$15.98.
