ES Futures Key Levels

2026-07-27 10:05 • ESU26 • 0DTE + Monthly
ES Last
7,510.00
+62.50
ES Prev Close
7,447.50
SPY
$738.93
SPX
7,411.98
Premium
35.52
SPX/SPY Ratio
10.0307

Top 5 Key Levels (Monthly)

▼
7,458.25
OI: 80,078 — RESISTANCE
SPY 740C [Monthly], SPY 740P [Monthly]
7,257.50
OI: 57,831 — SUPPORT
SPY 720C [Monthly], SPY 720P [Monthly]
7,558.50
OI: 51,067 — RESISTANCE
SPY 750C [Monthly], SPY 750P [Monthly]
7,207.50
OI: 46,273 — SUPPORT
SPY 715C [Monthly], SPY 715P [Monthly]
7,307.75
OI: 44,038 — SUPPORT
SPY 725C [Monthly], SPY 725P [Monthly]

Primary Levels — Monthly (2026-07-31)

3 levels ▼
LevelCall OIPut OI TypeStrengthSource
7,558.50 16,448 34,619 Put Resistance *** SPY 750C [Monthly], SPY 750P [Monthly]
7,458.25 7,876 72,202 Put Resistance **** SPY 740C [Monthly], SPY 740P [Monthly]
7,257.50 3,610 54,221 Put Wall *** SPY 720C [Monthly], SPY 720P [Monthly]

0DTE Intraday Levels (2026-07-27)

7 levels ▼
LevelCall OIPut OI TypeStrengthSource
7,685.50 12,736 35 Call Wall **** SPX 7650C [0DTE], SPX 7650P [0DTE]
7,585.50 16,731 2,305 Call Wall **** SPX 7550C [0DTE], SPX 7550P [0DTE]
7,575.50 10,686 101 Call Wall *** SPX 7540C [0DTE], SPX 7540P [0DTE]
7,458.25 5,575 4,447 Pivot *** SPY 740C [0DTE], SPY 740P [0DTE]
7,358.00 393 11,986 Put Wall **** SPY 730C [0DTE], SPY 730P [0DTE]
7,257.50 10 14,529 Put Wall **** SPY 720C [0DTE], SPY 720P [0DTE]
7,160.50 10 10,970 Put Wall *** SPX 7125C [0DTE], SPX 7125P [0DTE]

Standard Deviation Levels

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Barchart SD (SPY Cheat Sheet)
1 SD 7,400.46 — 7,494.54
2 SD 7,381.00 — 7,514.00
3 SD 7,366.05 — 7,528.95
IV-Based SD (VIX=17.74, Settlement=7,447.50)
1 SD 7,378.35 — 7,516.65 (69.15 pts)
2 SD 7,309.19 — 7,585.81 (138.31 pts)

Exposure Analytics

▼
◀▶
Sideways
Confidence: 100%
P/C OI Ratio: P/C ratio 1.95 — put hedging in place, mildly contrarian bullish (downside protected)
VEX (Vanna): Vanna flows — IV drop forces dealers to buy, supporting rallies
CHEX (Charm): Positive charm — time decay forces dealers to buy into the close
GEX Regime vs Flip: Net GEX is negative (amplifying) — no clear flip level to reference
Dealer Cushion: Call wall 8.3% above — upside capped by dealer hedging
Pin Risk: Pin risk 74 (High) — strong pinning pressure keeps price range-bound
Dealer Alignment: Levels diverging (25.8%) — conflicting signals, directional move more likely
Gamma Acceleration: Gamma acceleration 2.7x — elevated short-dated gamma, some intraday amplification
Expected Move (1-Day) iThe market-implied price range for the current session, derived from ATM implied volatility. About 68% of sessions close within this range (1 standard deviation). A breach suggests unusual volatility or a catalyst-driven move.
±37.82 pts
±0.51% • ATM IV: 9.8%
7,409.68
7,485.32
Put/Call OI Ratio iTotal put open interest divided by total call open interest across all strikes and expirations. Above 1.3 = heavy put hedging demand (often marks local bottoms). Below 0.7 = speculative call froth (can precede corrections). 0.7–1.3 = balanced/neutral.
1.948
Put-Heavy
Calls: 5,533,846 • Puts: 10,781,689
Pin Risk Score iA composite score (0–100) measuring how likely price is to pin near a high-OI strike at expiration. Weighs: OI concentration at nearby strikes (30%), proximity to max pain (25%), time to expiry (25%), and gamma magnitude (20%). High (70+) = tight range confinement likely. Moderate (40–70) = some pinning pressure. Low (<40) = weak.
74
High
Dealer Alignment iMeasures how tightly three key dealer-defended levels cluster: the GEX flip, max pain, and highest-OI strike. Converging (<0.5% spread) = strong magnet, price tends to gravitate. Moderate (0.5–1.5%) = some pull. Diverging (>1.5%) = conflicting signals, expect choppier two-way action.
25.85%
Diverging
VEX (Vanna Exposure) iAggregate Vanna Exposure — measures how dealer delta shifts when implied volatility moves. Positive VEX: an IV drop forces dealers to buy (supporting rallies). Negative VEX: an IV drop forces dealers to sell (amplifying declines). Dominates around earnings and FOMC events.
-3.70M
IV Drop -> Dealers Buy
CHEX (Charm Exposure) iAggregate Charm Exposure — measures how dealer delta changes purely from the passage of time. Positive CHEX: time decay forces dealers to buy (upward pressure into close). Negative CHEX: time decay forces dealers to sell (downward drift into close). Strongest on Thursday/Friday of expiration weeks.
+171.30M
Time Decay -> Dealers Buy
Dealer Cushion iDistance from the current price to the nearest major options wall (highest call OI above or put OI below). Tight (<0.3%) = price is right at a wall, expect strong reaction. Normal (0.3–1.0%) = standard buffer zone. Wide (>1.0%) = plenty of room before the next dealer-defended level.
8.22%
Wide
Nearest: Call Wall @ 8,060.07
Gamma Acceleration iRatio of 0DTE ATM gamma to 7DTE ATM gamma. When 0DTE gamma is much larger, dealer rehedging obligations intensify into the close, creating strong pinning or explosive breakouts. Above 5x = Accelerating (high intraday impact). 2–5x = Elevated. Below 2x = Stable.
2.7x
Elevated
OI-Weighted DTE iThe average days-to-expiration of all open contracts, weighted by open interest. Short (<10 days) = market is gamma-sensitive, rapid theta decay, sharp intraday moves. Long (>45 days) = vega/vanna-dominated, slower dynamics, more sensitive to IV changes.
115.1 days
Vega-Dominated
OI Concentration (HHI) iThe Herfindahl-Hirschman Index measures how concentrated open interest is across strikes. Concentrated (>0.05) = OI is clustered in a few dominant strikes, creating strong pin/magnet effects. Moderate (0.01–0.05) = a few meaningful strikes. Dispersed (<0.01) = OI is spread evenly, weak pinning.
0.0102
Moderate
Top strike: 3.8% of total OI

Max Pain Levels

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SPY 0DTE Max Pain
741.00
SPX 0DTE Max Pain
7,455.00

Recent Dark Pool Prints

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ES LevelSPY PriceTimeSizePremiumSide
7,493.59 $743.52 12:00:25.285 PM EDT 420,000 312.28M Ask
7,488.83 $743.05 12:06:41.592 PM EDT 200,000 148.61M Bid
7,463.72 $740.55 11:02:55.803 AM EDT 680,000 503.57M Ask
7,454.55 $739.63 10:14:55.028 AM EDT 456,000 337.27M Bid
7,447.50 $738.93 04:00:00.239 PM EDT 729,887 539.34M Bid
7,446.27 $738.81 04:10:58.237 PM EDT – 04:11:14.443 PM EDT 900,000 664.92M Ask
7,446.17 $738.80 04:10:58.238 PM EDT – 04:10:58.237 PM EDT 427,000 315.47M Ask
7,442.58 $738.44 03:59:54.848 PM EDT – 04:17:32.187 PM EDT 505,336 373.16M Bid
7,440.51 $738.23 10:19:34.111 AM EDT 371,640 274.36M Bid