Apr. 10 at 5:44 PM
$SLS options flow is now concentrated around the
$5 strike, with rising open interest on both calls (5–5.5) and protective puts (4.5–5), indicating a shift from directional positioning to hedged exposure. This creates a strong gamma magnet at
$5. A confirmed break above
$5 could trigger dealer hedging flows and forced buying, while failure to reclaim it keeps downside protected and caps upside momentum.
$STAA VERY HOT - is entering an early gamma build phase, with rising call open interest concentrated near the
$40–
$45 strikes and increasing net positive GEX. As spot approaches these levels, dealer hedging sensitivity increases, potentially accelerating upside flows on a breakout while maintaining support below due to growing put positioning.
