XBI Gamma Squeeze, Pin & Wall Analysis

XBI Biotech ETF $127.76 -2.87% (updated 2026-06-02)

Today's OI Read — XBI

Where the walls are, where price sits, and what the dealer positioning implies for Biotech ETF

In Between Walls?

$135

DOM

$140

2ND

$127.76

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

Magnet Strength Details →

0.38× Low (<0.7×)

Current OI 8,595

30d Avg OI 22,907

Near or below average — wall levels carry typical structural weight.

Put/Call Ratio

0.64

CALL HEAVY

Below 0.8 — call OI dominates. Bullish positioning; dealers are short calls and will sell delta into rallies.

Dominant Wall

$135

▲ Above spot

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

Distance to #1 Wall

$-7.24

-5.67%

Price is below the dominant wall — acts as resistance.

Wall Skew

+0.572

CALL HEAVY

Call-heavy at the dominant wall — call sellers cap rallies toward it. Acts as resistance.

Today's Top Setup — XBI

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

Unlock

🚀 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 $135 (dom strike) by +1d.

↔ CAGE

AUC 0.55 measured

Strength ██%

5d horizon

Target · Price stays between $135 – $140 through +5d.

Top OI Walls

Largest open interest concentrations · sorted by strike price

2026-06-02

Rank	Strike	Call OI	Put OI	Total OI	P/C	% of Max
#2	$140 Resistance	1,396	0	1,396	0.00	67%
#4	$136 Resistance	549	124	673	0.23	32%
#1	$135 Resistance	1,629	444	2,073	0.27	100%
#3	$132 Resistance	276	528	804	1.91	39%
▶ $127.76
#5	$127 Support	160	267	427	1.67	21%

Dealer Magnet Strength

When total OI is elevated vs its 30-day rolling average, dealer hedging is heavier — walls act like magnets. Very High = stronger PIN / CAGE conviction. Near-normal = weaker structural hold.

Current Magnet Strength

Low (<0.7×)

66.9%

281 days · 1d

Normal (0.7–1×)

70.0%

30 days · 1d

Elevated (1–1.5×)

100.0%

9 days · 1d

High (1.5–2×)

90.9%

11 days · 1d

Very High (>2×)

76.7%

86 days · 1d

Containment Rate by OI Magnitude Bucket

OI ratio = today's total OI ÷ 30-day rolling average. Does elevated OI predict price staying inside the dominant wall range?

OI Level	Days	1d	2d	5d	10d	20d
Low (<0.7×)	281	66.9%	57.8%	45.1%	35.9%	29.2%
Normal (0.7–1×)	30	70.0%	70.0%	65.5%	48.3%	25.9%
Elevated (1–1.5×)	9	100.0%	77.8%	88.9%	66.7%	71.4%
High (1.5–2×)	11	90.9%	72.7%	54.5%	27.3%	18.2%
Very High (>2×)	86	76.7%	69.8%	65.1%	65.1%	50.0%

SQUEEZE / PIN / CAGE Setup Backtest — XBI

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:

2026-05-26

↔ CAGE

Strength 35%

Magnet

Floor $125

Ceiling $130

Range 3.7%

✗ Miss

Win Criteria

Stay inside $125–$130 for 5 days

What Happened

$127.76

-4.19%

Broke up — max move 2.5% (need ≤2%)

2026-05-22

↔ CAGE

Strength 35%

Magnet

Floor $125

Ceiling $130

Range 3.8%

✗ Miss

Win Criteria

Stay inside $125–$130 for 5 days

What Happened

$133.62

+1.49%

Broke up — max move 3.3% (need ≤2%)

2026-05-21

↔ CAGE

Strength 55%

Magnet

Floor $125

Ceiling $127

Range 1.5%

✓ Hit

Win Criteria

Stay inside $125–$127 for 5 days

What Happened

$136.69

+2.94%

2026-05-20

↔ CAGE

Strength 55%

Magnet

Floor $125

Ceiling $127

Range 1.5%

✓ Hit

Win Criteria

Stay inside $125–$127 for 5 days

What Happened

$135.99

+3.25%

2026-05-19

📌 PIN

Strength 5%

Magnet

Floor $125

Ceiling $140

Range 11.8%

✗ Miss

Win Criteria

Close within 0.5% of $140 by end of day

What Happened

$131.71

+3.88%

Closed 6.5% from wall (need ≤0.5%) — moved +3.9%

2026-05-18

↔ CAGE

Strength 40%

Magnet

Floor $131

Ceiling $140

Range 7.0%

✗ Miss

Win Criteria

Stay inside $131–$140 for 5 days

What Happened

$133.35

+4.45%

Broke down — max move 4.0% (need ≤2%)

2026-05-15

📌 PIN

Strength 5%

Magnet

Floor $128

Ceiling $140

Range 9.2%

✗ Miss

Win Criteria

Close within 0.5% of $140 by end of day

What Happened

$127.67

-2.31%

Closed 9.4% from wall (need ≤0.5%) — moved -2.3%

2026-05-14

📌 PIN

Strength 5%

Magnet

Floor $110

Ceiling $135

Range 18.5%

✗ Miss

Win Criteria

Close within 0.5% of $110 by end of day

What Happened

$130.69

-3.08%

Closed 15.3% from wall (need ≤0.5%) — moved -3.1%

2026-05-13

📌 PIN

Strength 5%

Magnet

Floor $110

Ceiling $135

Range 18.4%

✗ Miss

Win Criteria

Close within 0.5% of $110 by end of day

What Happened

$134.85

-0.74%

Closed 18.3% from wall (need ≤0.5%) — moved -0.7%

2026-05-12

↔ CAGE

Strength 40%

Magnet

Floor $125

Ceiling $135

Range 7.4%

✗ Miss

Win Criteria

Stay inside $125–$135 for 5 days

What Happened

$126.79

-6.02%

Broke up — max move 3.1% (need ≤2%)

2026-05-11

↔ CAGE

Strength 20%

Magnet

Floor $115

Ceiling $125

Range 7.4%

✓ Hit

Win Criteria

Stay inside $115–$125 for 5 days

What Happened

$127.67

-5.25%

2026-05-08

📌 PIN

Strength 20%

Magnet

Floor $125

Ceiling $138

Range 9.7%

✗ Miss

Win Criteria

Close within 0.5% of $125 by end of day

What Happened

$134.75

+0.03%

Closed 7.2% from wall (need ≤0.5%) — moved +0.0%

2026-05-07

↔ CAGE

Strength 55%

Magnet

Floor $135

Ceiling $138

Range 2.2%

✓ Hit

Win Criteria

Stay inside $135–$138 for 5 days

What Happened

$134.85

+0.89%

2026-05-06

📌 PIN

Strength 35%

Magnet

Floor $130

Ceiling $135

Range 3.6%

✗ Miss

Win Criteria

Close within 0.5% of $135 by end of day

What Happened

$133.66

-2.92%

Closed 1.0% from wall (need ≤0.5%) — moved -2.9%

2026-05-05

↔ CAGE

Strength 20%

Magnet

Floor $128

Ceiling $136

Range 5.6%

✗ Miss

Win Criteria

Stay inside $128–$136 for 5 days

What Happened

$134.91

+0.84%

Broke up — max move 2.9% (need ≤2%)

2026-05-04

📌 PIN

Strength 90%

Magnet

Floor $128

Ceiling $133

Range 3.4%

✗ Miss

Win Criteria

Close within 0.5% of $133 by end of day

What Happened

$133.79

+0.22%

Closed 0.6% from wall (need ≤0.5%) — moved +0.2%

2026-05-01

↔ CAGE

Strength 55%

Magnet

Floor $132

Ceiling $133

Range 0.8%

✗ Miss

Win Criteria

Stay inside $132–$133 for 5 days

What Happened

$134.71

+3.29%

Broke up — max move 5.6% (need ≤2%)

2026-04-30

↔ CAGE

Strength 75%

Magnet

Floor $133

Ceiling $134

Range 0.8%

✓ Hit

Win Criteria

Stay inside $133–$134 for 5 days

What Happened

$133.66

+1.77%

2026-04-29

↔ CAGE

Strength 75%

Magnet

Floor $133

Ceiling $134

Range 0.8%

✗ Miss

Win Criteria

Stay inside $133–$134 for 5 days

What Happened

$137.68

+6.81%

Broke up — max move 3.6% (need ≤2%)

2026-04-28

📌 PIN

Strength 35%

Magnet

Floor $126

Ceiling $133

Range 5.0%

✗ Miss

Win Criteria

Close within 0.5% of $133 by end of day

What Happened

$128.90

-1.72%

Closed 3.1% from wall (need ≤0.5%) — moved -1.7%

2026-04-27

📌 PIN

Strength 75%

Magnet

Floor $126

Ceiling $133

Range 4.9%

✗ Miss

Win Criteria

Close within 0.5% of $133 by end of day

What Happened

$131.16

-1.41%

Closed 1.4% from wall (need ≤0.5%) — moved -1.4%

2026-04-24

📌 PIN

Strength 75%

Magnet

Floor $133

Ceiling $140

Range 5.3%

✓ Hit

Win Criteria

Close within 0.5% of $133 by end of day

What Happened

$133.04

-0.18%

2026-04-23

↔ CAGE

Strength 75%

Magnet

Floor $135

Ceiling $137

Range 1.5%

✗ Miss

Win Criteria

Stay inside $135–$137 for 5 days

What Happened

$131.33

-2.35%

Broke down — max move 2.5% (need ≤2%)

2026-04-22

📌 PIN

Strength 75%

Magnet

Floor $135

Ceiling $137

Range 1.5%

✗ Miss

Win Criteria

Close within 0.5% of $137 by end of day

What Happened

$134.49

-2.05%

Closed 1.8% from wall (need ≤0.5%) — moved -2.1%

2026-04-21

📌 PIN

Strength 75%

Magnet

Floor $135

Ceiling $137

Range 1.5%

✓ Hit

Win Criteria

Close within 0.5% of $137 by end of day

What Happened

$137.31

+0.67%

2026-04-20

↔ CAGE

Strength 75%

Magnet

Floor $135

Ceiling $137

Range 1.5%

✗ Miss

Win Criteria

Stay inside $135–$137 for 5 days

What Happened

$133.04

-3.45%

Broke down — max move 2.4% (need ≤2%)

2026-04-17

↔ CAGE

Strength 55%

Magnet

Floor $134

Ceiling $135

Range 0.7%

✓ Hit

Win Criteria

Stay inside $134–$135 for 5 days

What Happened

$133.28

-3.89%

2026-04-16

📌 PIN

Strength 5%

Magnet

Floor $110

Ceiling $125

Range 11.1%

✗ Miss

Win Criteria

Close within 0.5% of $110 by end of day

What Happened

$138.67

+2.37%

Closed 21.2% from wall (need ≤0.5%) — moved +2.4%

2026-04-15

↔ CAGE

Strength 20%

Magnet

Floor $125

Ceiling $135

Range 7.3%

✓ Hit

Win Criteria

Stay inside $125–$135 for 5 days

What Happened

$137.31

+0.63%

2026-04-14

📌 PIN

Strength 5%

Magnet

Floor $110

Ceiling $125

Range 11.1%

✗ Miss

Win Criteria

Close within 0.5% of $110 by end of day

What Happened

$136.45

+0.54%

Closed 19.5% from wall (need ≤0.5%) — moved +0.5%

2026-04-13

📌 PIN

Strength 5%

Magnet

Floor $110

Ceiling $125

Range 11.4%

✗ Miss

Win Criteria

Close within 0.5% of $110 by end of day

What Happened

$135.72

+2.78%

Closed 19.5% from wall (need ≤0.5%) — moved +2.8%

2026-04-10

📌 PIN

Strength 5%

Magnet

Floor $110

Ceiling $125

Range 11.6%

✗ Miss

Win Criteria

Close within 0.5% of $110 by end of day

What Happened

$132.05

+2.02%

Closed 17.0% from wall (need ≤0.5%) — moved +2.0%

2026-04-09

📌 PIN

Strength 55%

Magnet

Floor $124

Ceiling $133

Range 6.4%

✗ Miss

Win Criteria

Close within 0.5% of $133 by end of day

What Happened

$129.44

-1.81%

Closed 2.7% from wall (need ≤0.5%) — moved -1.8%

2026-04-06

↔ CAGE

Strength 20%

Magnet

Floor $110

Ceiling $117

Range 5.4%

✗ Miss

Win Criteria

Stay inside $110–$117 for 5 days

What Happened

$132.05

+2.52%

Broke down — max move 100.0% (need ≤2%)

2026-04-02

📌 PIN

Strength 35%

Magnet

Floor $123

Ceiling $127

Range 3.1%

✗ Miss

Win Criteria

Close within 0.5% of $127 by end of day

What Happened

$128.80

-0.12%

Closed 1.4% from wall (need ≤0.5%) — moved -0.1%

2026-04-01

📌 PIN

Strength 35%

Magnet

Floor $123

Ceiling $127

Range 3.1%

✗ Miss

Win Criteria

Close within 0.5% of $127 by end of day

What Happened

$128.96

+0.32%

Closed 1.5% from wall (need ≤0.5%) — moved +0.3%

2026-03-31

↔ CAGE

Strength 35%

Magnet

Floor $115

Ceiling $121

Range 4.7%

✓ Hit

Win Criteria

Stay inside $115–$121 for 5 days

What Happened

Data pending

2026-03-30

↔ CAGE

Strength 20%

Magnet

Floor $115

Ceiling $121

Range 5.1%

✗ Miss

Win Criteria

Stay inside $115–$121 for 5 days

What Happened

Data pending

2026-03-27

↔ CAGE

Strength 20%

Magnet

Floor $115

Ceiling $121

Range 5.0%

✗ Miss

Win Criteria

Stay inside $115–$121 for 5 days

What Happened

$128.80

+7.70%

Broke down — max move 7.5% (need ≤2%)

2026-03-26

↔ CAGE

Strength 55%

Magnet

Floor $119

Ceiling $120

Range 0.8%

✗ Miss

Win Criteria

Stay inside $119–$120 for 5 days

What Happened

$128.96

+4.08%

Broke down — max move 4.1% (need ≤2%)

2026-03-25

↔ CAGE

Strength 55%

Magnet

Floor $117

Ceiling $119

Range 1.6%

✗ Miss

Win Criteria

Stay inside $117–$119 for 5 days

What Happened

$128.55

+3.74%

Broke down — max move 4.1% (need ≤2%)

2026-03-24

↔ CAGE

Strength 55%

Magnet

Floor $117

Ceiling $119

Range 1.7%

✗ Miss

Win Criteria

Stay inside $117–$119 for 5 days

What Happened

$127.73

+6.85%

Broke up — max move 3.7% (need ≤2%)

2026-03-23

↔ CAGE

Strength 55%

Magnet

Floor $117

Ceiling $119

Range 1.6%

✓ Hit

Win Criteria

Stay inside $117–$119 for 5 days

What Happened

$118.78

-2.40%

2026-03-20

↔ CAGE

Strength 55%

Magnet

Floor $117

Ceiling $119

Range 1.7%

✗ Miss

Win Criteria

Stay inside $117–$119 for 5 days

What Happened

$119.59

-0.60%

Broke up — max move 3.0% (need ≤2%)

2026-03-19

📌 PIN

Strength 35%

Magnet

Floor $105

Ceiling $120

Range 12.3%

✓ Hit

Win Criteria

Close within 0.5% of $120 by end of day

What Happened

$120.31

-1.65%

2026-03-18

📌 PIN

Strength 55%

Magnet

Floor $105

Ceiling $120

Range 12.4%

✗ Miss

Win Criteria

Close within 0.5% of $120 by end of day

What Happened

$122.33

+1.01%

Closed 1.9% from wall (need ≤0.5%) — moved +1.0%

2026-03-17

📌 PIN

Strength 5%

Magnet

Floor $105

Ceiling $120

Range 12.1%

✗ Miss

Win Criteria

Close within 0.5% of $120 by end of day

What Happened

$121.11

-2.48%

Closed 0.9% from wall (need ≤0.5%) — moved -2.5%

2026-03-16

📌 PIN

Strength 5%

Magnet

Floor $120

Ceiling $135

Range 12.1%

✗ Miss

Win Criteria

Close within 0.5% of $120 by end of day

What Happened

$124.19

+0.23%

Closed 3.4% from wall (need ≤0.5%) — moved +0.2%

2026-03-13

📌 PIN

Strength 35%

Magnet

Floor $120

Ceiling $135

Range 12.3%

✗ Miss

Win Criteria

Close within 0.5% of $120 by end of day

What Happened

$123.91

+1.71%

Closed 3.2% from wall (need ≤0.5%) — moved +1.7%

2026-03-12

↔ CAGE

Strength 35%

Magnet

Floor $124

Ceiling $128

Range 3.3%

✓ Hit

Win Criteria

Stay inside $124–$128 for 5 days

What Happened

$122.33

-0.24%