SO gamma levels.

Where SO tends to stick and where it slips: the call wall, put wall, gamma flip and Volt, 15-minute delayed and free.

• SO $87.04 · up 1.01% on the day · positive gamma overall (moves grind and levels hold)
• Levels: ★ Volt, the biggest level 87.5 (above price · 0.46 / 0.53% away); ↯ Surge, live flow 88 (above price · 0.96 / 1.10% away); ‖ call wall — ceiling, sticky 87.5 (above price · 0.46 / 0.53% away); ‖ put wall — floor, slippery 85 (below price · 2.04 / 2.34% away); ⚡ gamma flip 83.58 (below price · 3.46 / 3.98% away); ↘ Reversal 85 (below price · 2.04 / 2.34% away)
• Expected move today ±2.13
• Strikes nearest the money (high to low): 89 positive, 88 positive, 87.5 positive, 87 positive, 86 positive, 85 negative
• Since yesterday's close, positioning grew at 87.5, 88 and faded at 85.
• Event pricing: the options market prices an unusually large move into 2026-11-06 (±$5.30 by that date, about 2.3x this board's normal daily move). On single names this is usually an earnings report. Descriptive of the market's own pricing, never a forecast.
• ATM implied volatility 15.6%