Executive Summary $Seagate Technology PLC(STX)$ reports fiscal Q2 2026 earnings Monday, January 27, after the bell. Consensus calls for $2.76 EPS on $2.73 billion revenue. Our proprietary Entry Indicator is -1.00, flagging severe structural weakness despite the stock trading near 52-week highs at $346. The options market prices in a 9.78% earnings move. That's your corridor: $373.17 to $305.49. The stock sits $26.10 above Max Pain at $320. The Put/Call ratio at 2.21 shows traders are loading up on downside protection. The magnet is pulling hard. The Earnings Risk Corridor: 9.78% Expected Move The market expects STX to swing $33.86 in either direction post-earnings. Upper bound at $373.17. Lower bound at $305.49. This is double the volatility we saw