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JCI put/call walls show support near $100 and resistance near $150.
Johnson Controls International — Where open interest creates price support and resistance
JCI put/call walls identify the strike prices with the highest open interest concentration, which often act as support and resistance levels for the underlying stock. The strongest put wall sits at $100 (support) and the strongest call wall at $150 (resistance).
Premium sellers use these wall levels to position short strikes near areas of high open interest, where price tends to slow or reverse. The current gamma exposure regime is positive, which typically dampens price moves and supports mean reversion. Max pain — the strike where total option losses are minimized — sits at $135.
Wall levels are derived from current open interest positioning and update daily after market close. They can shift as options traders open or close positions. For context on how JCI options are priced overall, see the JCI IV analysis and JCI VRP analysis.
Johnson Controls International (JCI) is a Industrials stock with actively traded listed options. Open interest concentrates at the $100 put wall (3.5K contracts) and $150 call wall (3.9K contracts) — 29.0% below and 6.5% above spot. Dealer hedging flows at these levels tend to dampen directional moves, reinforcing the wall corridor. This setup is more supportive of premium selling inside the wall range. JCI strategy builder.
Where options dealers' hedging flows create support and resistance — max pain at $135.
These levels show where price may find support or resistance based on open interest positioning. Large put walls can act as magnets; call walls can cap upside.
Use wall levels to pick strikes — sell puts near put walls, sell calls near call walls.
Wall = Strike with highest open interest concentration across expirationsOpen interest by strike, gamma exposure (GEX) profile, max pain calculation
ORATS open interest and gamma data, updated daily
Walls are based on current OI positioning and can shift as traders open/close positions. GEX assumes most OI is dealer-held — retail-heavy OI produces less hedging flow. Treat as context, not prediction.
Walls from nearest liquid expiry — these reflect short-term hedging activity and may not represent longer-term positioning.
OI change tracker (1-day), wall strength score, and GEX trend chart — in active development.
This data is free for all users. No paywall — just not built yet.
Quantitative screening, not investment advice. Verify with your broker. Disclaimer
Johnson Controls International's current open interest profile shows relatively light concentration on both sides — put activity at $100 (3.5K contracts) and calls at $150 (3.9K) are below average for this expiration cycle. Scattered open interest means dealer hedging flows are less concentrated, reducing the "wall" effect that typically pins price within a range. Premium sellers should treat current support and resistance levels as softer than usual — wider stop losses and smaller position sizes are appropriate until open interest builds at specific strikes.
Johnson Controls International's current options landscape shows put support concentrated at $100 (3.5K contracts) with call resistance at $150 (3.9K). This creates a $100–$150 trading corridor that dealer hedging activity naturally reinforces. Compare this wall-to-wall range with the Expected Move to see how volatility-based ranges align with open interest boundaries.
Johnson Controls International's net gamma exposure is +0.3B (positive gamma regime), with the GEX flip point at $135.00. In a positive gamma environment, dealers are positioned so that they buy shares when price dips and sell when it rallies — effectively dampening volatility. This mean-reverting behavior is the best backdrop for premium selling: short strangles, iron condors, and credit spreads all benefit from the natural volatility compression that positive GEX creates. As long as price stays above the GEX flip point, this supportive environment tends to persist.
Johnson Controls International's options-defined support sits at the $100 put wall (3.5K OI), and resistance at the $150 call wall (3.9K OI). The full range is $100–$150, defined by the strikes where dealer hedging is concentrated.
Johnson Controls International's strongest put wall (support) is at $100 with 3.5K open interest contracts, and the primary call wall (resistance) is at $150 with 3.9K contracts. This creates a trading range of $100–$150. Open interest is relatively balanced between puts and calls, creating symmetric dealer hedging pressure.
Open interest walls represent concentrations of options positions at specific strikes. When dealers hold these positions, they must hedge by buying or selling shares as price approaches wall levels, creating natural support (put walls) and resistance (call walls). Johnson Controls International currently has positive gamma exposure, which means dealer hedging reinforces these wall levels — buying dips near put walls, selling rallies near call walls. This creates a mean-reverting, range-bound environment that benefits premium sellers.
Johnson Controls International's $100–$150 range spans 35.5%, wider than average. This spread suggests open interest is distributed across distant strikes, which can mean the market is pricing in a larger potential move — possibly around an upcoming catalyst like earnings or an industry event. For premium sellers, wider ranges mean wall support and resistance are farther from current price, providing more breathing room but also less concentrated dealer hedging at any single level.
Use the put wall at $100 as support for put credit spreads and the call wall at $150 as a ceiling for call credit spreads. The wall-to-wall range defines your expected trading corridor. Wall data is most useful for strike selection — placing short strikes at or outside major open interest levels means your trade has dealer hedging flows working in your favor. Monitor daily for wall migration as open interest shifts.