ES Futures Key Levels

2026-10-23 10:05 • ESZ26 • 0DTE + Monthly
ES Last
7,694.75
-9.75
ES Prev Close
7,704.50
SPY
$763.96
SPX
7,663.43
Premium
41.07
SPX/SPY Ratio
10.0312

Top 5 Key Levels (Monthly)

▼
7,514.25
OI: 82,986 — SUPPORT
SPY 745C [Monthly], SPY 745P [Monthly]
7,664.75
OI: 79,225 — SUPPORT
SPY 760C [Monthly], SPY 760P [Monthly]
7,564.50
OI: 70,190 — SUPPORT
SPY 750C [Monthly], SPY 750P [Monthly]
7,414.00
OI: 53,544 — SUPPORT
SPY 735C [Monthly], SPY 735P [Monthly]
8,066.00
OI: 51,699 — RESISTANCE
SPY 800C [Monthly], SPY 800P [Monthly]

Primary Levels — Monthly (2026-10-30)

7 levels ▼
LevelCall OIPut OI TypeStrengthSource
8,066.00 51,665 34 Call Wall **** SPY 800C [Monthly], SPY 800P [Monthly], SPX 8025C [Monthly] +1
7,715.00 3,390 44,435 Put Resistance **** SPY 765C [Monthly], SPY 765P [Monthly]
7,664.75 3,934 75,291 Put Wall **** SPY 760C [Monthly], SPY 760P [Monthly]
7,564.50 2,940 67,250 Put Wall **** SPY 750C [Monthly], SPY 750P [Monthly]
7,514.25 1,710 81,276 Put Wall **** SPY 745C [Monthly], SPY 745P [Monthly]
7,464.25 2,056 42,232 Put Wall *** SPY 740C [Monthly], SPY 740P [Monthly]
7,414.00 426 53,118 Put Wall **** SPY 735C [Monthly], SPY 735P [Monthly]

0DTE Intraday Levels (2026-10-23)

4 levels ▼
LevelCall OIPut OI TypeStrengthSource
7,965.75 34,593 34 Call Wall **** SPY 790C [0DTE], SPY 790P [0DTE]
7,865.50 24,529 2,636 Call Wall *** SPY 780C [0DTE], SPY 780P [0DTE]
7,755.00 2,603 24,424 Put Resistance *** SPY 769C [0DTE], SPY 769P [0DTE]
7,514.25 385 37,765 Put Wall **** SPY 745C [0DTE], SPY 745P [0DTE]

Standard Deviation Levels

▼
Barchart SD (SPY Cheat Sheet)
1 SD 7,664.17 — 7,744.83
2 SD 7,647.42 — 7,761.58
3 SD 7,634.58 — 7,774.42
IV-Based SD (VIX=19.22, Settlement=7,704.50)
1 SD 7,626.99 — 7,782.01 (77.51 pts)
2 SD 7,549.48 — 7,859.52 (155.02 pts)

Exposure Analytics

▼
◀▶
Sideways
Confidence: 68%
P/C OI Ratio: P/C ratio 2.11 — put hedging in place, mildly contrarian bullish (downside protected)
VEX (Vanna): Vanna flows — IV drop forces dealers to buy, supporting rallies
CHEX (Charm): Negative charm — time decay forces dealers to sell into the close
GEX Regime vs Flip: Net GEX is negative (amplifying) — no clear flip level to reference
Dealer Cushion: Call wall 4.7% above — upside capped by dealer hedging
Pin Risk: Pin risk 68 (Moderate) — some gravitational pull toward high-OI strikes
Dealer Alignment: Levels diverging (35.3%) — conflicting signals, directional move more likely
Gamma Acceleration: Gamma acceleration 14.9x — 0DTE gamma dominates, expect sharp intraday swings
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.
±99.01 pts
±1.29% • ATM IV: 24.7% (ETF chain)
7,605.49
7,803.51
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.
2.111
Put-Heavy
Calls: 5,707,051 • Puts: 12,047,778
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.
68
Moderate
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.
35.34%
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.
-19.08M
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.
-3.60B
Time Decay -> Dealers Sell
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.
4.69%
Wide
Nearest: Call Wall @ 8,066.02
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.
14.9x
Accelerating
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.
105.5 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.
0.0090
Dispersed
Top strike: 3.0% of total OI

Max Pain Levels

▼
SPY 0DTE Max Pain
770.00
SPX 0DTE Max Pain
7,710.00

Dark Pool Levels

▼
ES LevelSPY PriceTradesVolumePremium
7,751.75 $768.67 117 1,392,755 1.07B
7,796.29 $773.11 251 1,086,209 839.76M
7,796.39 $773.12 305 250,991 194.05M
7,796.08 $773.09 523 221,002 170.85M
7,786.86 $772.17 181 214,922 165.96M
7,800.20 $773.50 1,198 84,569 65.41M
7,800.00 $773.48 865 72,805 56.31M
7,800.30 $773.51 825 72,081 55.76M
7,804.21 $773.90 791 71,764 55.54M
7,800.10 $773.49 889 63,056 48.77M
7,801.00 $773.58 602 62,262 48.16M
7,799.70 $773.45 847 55,802 43.16M
7,801.50 $773.63 642 54,670 42.29M
7,803.01 $773.78 372 51,815 40.09M
7,799.09 $773.39 798 50,255 38.87M
7,764.99 $769.99 297 50,152 38.62M
7,801.40 $773.62 726 48,033 37.16M
7,797.79 $773.26 270 47,694 36.88M
7,799.90 $773.47 704 46,784 36.19M
7,801.60 $773.64 578 45,775 35.41M
7,800.70 $773.55 454 45,765 35.40M
7,799.80 $773.46 762 45,594 35.27M
7,795.18 $773.00 719 45,356 35.06M
7,794.98 $772.98 673 44,387 34.31M
7,800.50 $773.53 664 44,014 34.05M