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Today's OI Read — SPGI

Where the walls are, where price sits, and what the dealer positioning implies for S&P Global

In Between Walls?
NO
$380
DOM
$410
2ND
$424.17

Outside the dominant wall range — directional momentum more likely than mean reversion.

Magnet Strength
2.01× Very High (>2×)
Current OI 3,940
30d Avg OI 1,961

Elevated OI — dealers carry larger hedges, making price walls structurally stronger.

Put/Call Ratio
1.60
PUT HEAVY

Above 1.2 — more put OI than calls. Hedging demand elevated; market participants are positioned defensively.

Dominant Wall
$380
▼ Below spot

The highest OI concentration strike — the structural anchor dealers are most committed to hedging.

Distance to #1 Wall
$+44.17
+10.41%

Price is above the dominant wall — acts as support.

Wall Skew
-1.000
PUT HEAVY

Put-heavy at the dominant wall — put sellers defend this level. Acts as structural support/magnet.

Today's Top Setup — SPGI

SQUEEZE, PIN, and CAGE scored 0–100 from OI structure. Highest score = today's highest-conviction setup.

PIN — 53.7% hit rate (n=1,719). CAGE — 45.4% (n=1,161). SQUEEZE — 49.5% (n=5,555). Half hit, half don't — the edge is asymmetric payoff.

Strength scores are locked

PRO

See exactly which setup is most likely — and by how much

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🚀 SQUEEZE
candidate
Strength ██%
5d horizon
Target · Stock pops ≥+5% within 10 trading days — the kind of move where the winners run far enough to outweigh the misses.
📌 PIN
AUC 0.83 measured
Strength ██%
1d horizon
Target · Price closes within 0.5% of $380 (dom strike) by +1d.
↔ CAGE
AUC 0.55 measured
Strength ██%
5d horizon
Target · Price stays between $380 – $410 through +5d.

Top OI Walls

Largest open interest concentrations · sorted by strike price · * OI projected from prior day

2026-05-12
Rank Strike Call OI Put OI Total OI P/C % of Max
#3 $440 Resistance 272 69 341 0.25
61%
▶ $424.17
#5 $420 Support 137 189 326 1.38
58%
#2 $410 Support 0 402 402
72%
#4 $400 Support 0 331 331
59%
#1 $380 Support 0 560 560
100%

SQUEEZE / PIN / CAGE Setup Backtest — SPGI

Last 50 sessions — which setup fired, what the score was, and whether it hit. See the actual win/loss record.

0 days ·
Min Strength 60
Magnet:
2026-05-05
↔ CAGE
Strength 20%
Magnet
Floor $380
Ceiling $410
Range 7.1%
✓ Hit
Win Criteria
Stay inside $380–$410 for 5 days
What Happened
$424.17
+0.07%
2026-05-04
📌 PIN
Strength 15%
Magnet
Floor $380
Ceiling $450
Range 16.5%
✗ Miss
Win Criteria
Close within 0.5% of $380 by end of day
What Happened
$423.87
-0.21%
Closed 10.3% from wall (need ≤0.5%) — moved -0.2%
2026-05-01
📌 PIN
Strength 5%
Magnet
Floor $380
Ceiling $450
Range 16.4%
✗ Miss
Win Criteria
Close within 0.5% of $380 by end of day
What Happened
$424.75
-0.31%
Closed 10.5% from wall (need ≤0.5%) — moved -0.3%
2026-04-30
↔ CAGE
Strength 35%
Magnet
Floor $410
Ceiling $430
Range 4.6%
✓ Hit
Win Criteria
Stay inside $410–$430 for 5 days
What Happened
$428.68
-0.59%
2026-04-29
📌 PIN
Strength 35%
Magnet
Floor $410
Ceiling $440
Range 6.9%
✗ Miss
Win Criteria
Close within 0.5% of $440 by end of day
What Happened
$431.23
-0.45%
Closed 2.0% from wall (need ≤0.5%) — moved -0.5%
2026-04-28
↔ CAGE
Strength 35%
Magnet
Floor $370
Ceiling $380
Range 2.3%
✓ Hit
Win Criteria
Stay inside $370–$380 for 5 days
What Happened
$423.87
-2.21%
2026-04-27
↔ CAGE
Strength 75%
Magnet
Floor $430
Ceiling $440
Range 2.3%
✓ Hit
Win Criteria
Stay inside $430–$440 for 5 days
What Happened
$424.75
-2.85%
2026-04-24
📌 PIN
Strength 60%
Magnet
Floor $440
Ceiling $500
Range 13.7%
✗ Miss
Win Criteria
Close within 0.5% of $440 by end of day
What Happened
$437.22
+0.10%
Closed 0.6% from wall (need ≤0.5%) — moved +0.1%
2026-04-23
📌 PIN
Strength 90%
Magnet
Floor $438
Ceiling $450
Range 2.8%
✓ Hit
Win Criteria
Close within 0.5% of $438 by end of day
What Happened
$436.79
-0.51%
2026-04-22
↔ CAGE
Strength 55%
Magnet
Floor $438
Ceiling $442
Range 1.1%
✗ Miss
Win Criteria
Stay inside $438–$442 for 5 days
What Happened
$433.19
-3.53%
Broke down — max move 2.7% (need ≤2%)
2026-04-21
📌 PIN
Strength 90%
Magnet
Floor $438
Ceiling $442
Range 1.1%
✗ Miss
Win Criteria
Close within 0.5% of $442 by end of day
What Happened
$449.06
+0.99%
Closed 1.5% from wall (need ≤0.5%) — moved +1.0%
2026-04-20
↔ CAGE
Strength 55%
Magnet
Floor $438
Ceiling $442
Range 1.1%
✓ Hit
Win Criteria
Stay inside $438–$442 for 5 days
What Happened
$437.22
-1.25%
2026-04-17
📌 PIN
Strength 5%
Magnet
Floor $410
Ceiling $450
Range 9.0%
✗ Miss
Win Criteria
Close within 0.5% of $410 by end of day
What Happened
$442.74
+0.04%
Closed 7.4% from wall (need ≤0.5%) — moved +0.0%
2026-04-16
📌 PIN
Strength 5%
Magnet
Floor $370
Ceiling $440
Range 16.0%
✗ Miss
Win Criteria
Close within 0.5% of $370 by end of day
What Happened
$442.57
+1.32%
Closed 16.6% from wall (need ≤0.5%) — moved +1.3%
2026-04-15
↔ CAGE
Strength 75%
Magnet
Floor $430
Ceiling $440
Range 2.3%
✗ Miss
Win Criteria
Stay inside $430–$440 for 5 days
What Happened
$449.06
+4.29%
Broke up — max move 2.8% (need ≤2%)
2026-04-14
↔ CAGE
Strength 75%
Magnet
Floor $430
Ceiling $440
Range 2.4%
✗ Miss
Win Criteria
Stay inside $430–$440 for 5 days
What Happened
$444.67
+4.57%
Broke up — max move 4.1% (need ≤2%)
2026-04-13
📌 PIN
Strength 10%
Magnet
Floor $390
Ceiling $440
Range 11.6%
✗ Miss
Win Criteria
Close within 0.5% of $440 by end of day
What Happened
$425.24
-1.13%
Closed 3.4% from wall (need ≤0.5%) — moved -1.1%
2026-04-10
📌 PIN
Strength 15%
Magnet
Floor $370
Ceiling $440
Range 16.9%
✗ Miss
Win Criteria
Close within 0.5% of $370 by end of day
What Happened
$430.08
+3.53%
Closed 14.5% from wall (need ≤0.5%) — moved +3.5%
2026-04-09
📌 PIN
Strength 80%
Magnet
Floor $425
Ceiling $445
Range 4.7%
✗ Miss
Win Criteria
Close within 0.5% of $425 by end of day
What Happened
$415.42
-2.10%
Closed 2.3% from wall (need ≤0.5%) — moved -2.1%
2026-04-06
↔ CAGE
Strength 55%
Magnet
Floor $420
Ceiling $425
Range 1.2%
✗ Miss
Win Criteria
Stay inside $420–$425 for 5 days
What Happened
$430.08
-0.93%
Broke down — max move 100.0% (need ≤2%)
2026-04-02
📌 PIN
Strength 75%
Magnet
Floor $430
Ceiling $445
Range 3.5%
✗ Miss
Win Criteria
Close within 0.5% of $430 by end of day
What Happened
$434.11
+0.68%
Closed 1.0% from wall (need ≤0.5%) — moved +0.7%
2026-04-01
📌 PIN
Strength 35%
Magnet
Floor $430
Ceiling $445
Range 3.5%
✓ Hit
Win Criteria
Close within 0.5% of $430 by end of day
What Happened
$431.16
+1.41%
2026-03-31
📌 PIN
Strength 35%
Magnet
Floor $400
Ceiling $430
Range 7.1%
✗ Miss
Win Criteria
Close within 0.5% of $430 by end of day
What Happened
$425.17
-0.04%
Closed 1.1% from wall (need ≤0.5%) — moved -0.0%
2026-03-30
📌 PIN
Strength 35%
Magnet
Floor $340
Ceiling $410
Range 16.8%
✗ Miss
Win Criteria
Close within 0.5% of $410 by end of day
What Happened
$425.34
+1.86%
Closed 3.7% from wall (need ≤0.5%) — moved +1.9%
2026-03-27
📌 PIN
Strength 15%
Magnet
Floor $340
Ceiling $470
Range 32.0%
✗ Miss
Win Criteria
Close within 0.5% of $470 by end of day
What Happened
$417.59
+2.79%
Closed 12.9% from wall (need ≤0.5%) — moved +2.8%
2026-03-26
📌 PIN
Strength 20%
Magnet
Floor $400
Ceiling $470
Range 17.0%
✗ Miss
Win Criteria
Close within 0.5% of $470 by end of day
What Happened
$406.24
-1.51%
Closed 15.5% from wall (need ≤0.5%) — moved -1.5%
2026-03-25
↔ CAGE
Strength 55%
Magnet
Floor $425
Ceiling $435
Range 2.4%
✗ Miss
Win Criteria
Stay inside $425–$435 for 5 days
What Happened
$425.17
+4.09%
Broke up — max move 2.2% (need ≤2%)
2026-03-24
↔ CAGE
Strength 20%
Magnet
Floor $410
Ceiling $435
Range 6.1%
✓ Hit
Win Criteria
Stay inside $410–$435 for 5 days
What Happened
$425.34
+3.44%
2026-03-23
↔ CAGE
Strength 55%
Magnet
Floor $410
Ceiling $422
Range 2.9%
✗ Miss
Win Criteria
Stay inside $410–$422 for 5 days
What Happened
$417.59
-2.63%
Broke down — max move 4.8% (need ≤2%)
2026-03-20
↔ CAGE
Strength 75%
Magnet
Floor $440
Ceiling $450
Range 2.4%
✗ Miss
Win Criteria
Stay inside $440–$450 for 5 days
What Happened
$406.24
-4.29%
Broke up — max move 3.8% (need ≤2%)
2026-03-19
📌 PIN
Strength 35%
Magnet
Floor $390
Ceiling $420
Range 7.0%
✗ Miss
Win Criteria
Close within 0.5% of $420 by end of day
What Happened
$424.43
-0.40%
Closed 1.0% from wall (need ≤0.5%) — moved -0.4%
2026-03-18
📌 PIN
Strength 35%
Magnet
Floor $390
Ceiling $420
Range 7.0%
✗ Miss
Win Criteria
Close within 0.5% of $420 by end of day
What Happened
$426.14
-0.12%
Closed 1.4% from wall (need ≤0.5%) — moved -0.1%
2026-03-17
↔ CAGE
Strength 20%
Magnet
Floor $390
Ceiling $420
Range 6.9%
✓ Hit
Win Criteria
Stay inside $390–$420 for 5 days
What Happened
$411.20
-5.02%
2026-03-16
📌 PIN
Strength 35%
Magnet
Floor $390
Ceiling $420
Range 7.0%
✗ Miss
Win Criteria
Close within 0.5% of $420 by end of day
What Happened
$432.94
+1.49%
Closed 3.0% from wall (need ≤0.5%) — moved +1.5%
2026-03-13
📌 PIN
Strength 55%
Magnet
Floor $390
Ceiling $420
Range 7.1%
✗ Miss
Win Criteria
Close within 0.5% of $420 by end of day
What Happened
$426.59
+0.97%
Closed 1.6% from wall (need ≤0.5%) — moved +1.0%
2026-03-12
📌 PIN
Strength 30%
Magnet
Floor $400
Ceiling $440
Range 9.5%
✗ Miss
Win Criteria
Close within 0.5% of $440 by end of day
What Happened
$422.49
+0.66%
Closed 4.2% from wall (need ≤0.5%) — moved +0.7%
2026-03-11
↔ CAGE
Strength 35%
Magnet
Floor $420
Ceiling $440
Range 4.7%
✗ Miss
Win Criteria
Stay inside $420–$440 for 5 days
What Happened
$426.64
-0.54%
Broke down — max move 2.2% (need ≤2%)
2026-03-10
📌 PIN
Strength 50%
Magnet
Floor $390
Ceiling $440
Range 11.5%
✗ Miss
Win Criteria
Close within 0.5% of $440 by end of day
What Happened
$428.96
-1.49%
Closed 2.5% from wall (need ≤0.5%) — moved -1.5%
2026-03-09
📌 PIN
Strength 35%
Magnet
Floor $390
Ceiling $440
Range 11.2%
✗ Miss
Win Criteria
Close within 0.5% of $440 by end of day
What Happened
$435.44
-2.21%
Closed 1.0% from wall (need ≤0.5%) — moved -2.2%
2026-03-06
📌 PIN
Strength 5%
Magnet
Floor $380
Ceiling $440
Range 13.3%
✗ Miss
Win Criteria
Close within 0.5% of $440 by end of day
What Happened
$445.28
-1.57%
Closed 1.2% from wall (need ≤0.5%) — moved -1.6%
2026-03-05
↔ CAGE
Strength 20%
Magnet
Floor $420
Ceiling $450
Range 6.7%
✗ Miss
Win Criteria
Stay inside $420–$450 for 5 days
What Happened
$419.70
-6.96%
Broke up — max move 3.5% (need ≤2%)
2026-03-04
↔ CAGE
Strength 20%
Magnet
Floor $410
Ceiling $440
Range 6.7%
✓ Hit
Win Criteria
Stay inside $410–$440 for 5 days
What Happened
$428.96
-3.71%
2026-03-03
↔ CAGE
Strength 55%
Magnet
Floor $410
Ceiling $420
Range 2.3%
✓ Hit
Win Criteria
Stay inside $410–$420 for 5 days
What Happened
$435.44
-1.93%
2026-03-02
↔ CAGE
Strength 55%
Magnet
Floor $410
Ceiling $420
Range 2.3%
✓ Hit
Win Criteria
Stay inside $410–$420 for 5 days
What Happened
$445.28
+0.50%
2026-02-27
↔ CAGE
Strength 35%
Magnet
Floor $420
Ceiling $440
Range 4.5%
✓ Hit
Win Criteria
Stay inside $420–$440 for 5 days
What Happened
$452.36
+2.37%
2026-02-26
↔ CAGE
Strength 55%
Magnet
Floor $410
Ceiling $415
Range 1.1%
✓ Hit
Win Criteria
Stay inside $410–$415 for 5 days
What Happened
$451.11
+3.11%
2026-02-25
↔ CAGE
Strength 55%
Magnet
Floor $410
Ceiling $415
Range 1.2%
✗ Miss
Win Criteria
Stay inside $410–$415 for 5 days
What Happened
$445.50
+5.17%
Broke up — max move 4.6% (need ≤2%)
2026-02-24
↔ CAGE
Strength 55%
Magnet
Floor $425
Ceiling $430
Range 1.2%
✗ Miss
Win Criteria
Stay inside $425–$430 for 5 days
What Happened
$443.99
+6.15%
Broke up — max move 5.6% (need ≤2%)
2026-02-23
↔ CAGE
Strength 20%
Magnet
Floor $400
Ceiling $430
Range 7.4%
✗ Miss
Win Criteria
Stay inside $400–$430 for 5 days
What Happened
$443.08
+9.46%
Broke up — max move 8.1% (need ≤2%)
2026-02-20
↔ CAGE
Strength 55%
Magnet
Floor $415
Ceiling $430
Range 3.6%
✗ Miss
Win Criteria
Stay inside $415–$430 for 5 days
What Happened
$441.88
+5.84%
Broke down — max move 3.0% (need ≤2%)