AA Options Chain — Open Interest, Implied Volatility, Max Pain & Gamma Exposure

Analyze the complete AA options chain including strike-level open interest, real-time implied volatility (IV), max pain levels, gamma exposure, dealer positioning, and options flow trends. This dashboard provides data-driven insights for traders building directional or hedging strategies around AA.

Latest Data: 2026-10-01 (EDT)

Max Pain Price

47.5

Exp: 2026-10-02

Gamma Flip

45.30

Gamma Flip (≈60 days)

Put/Call OI Ratio

1.745

Shows put vs call positioning

IV Skew

1.15

Put–call IV difference

Max Pain Price Volatility

σ = 11.59

medium volatility

Confidence 88%

Near-Term Options-Derived Market Structure

BULLISH BIAS

Reflecting options positioning and volatility conditions over the coming sessions.

The options market shows a strong bullish alignment. Multiple key factors point firmly to the upside, supported by dealer flows and positioning. Options Chian

Looking only at the put-side activity, there is a bearish directional push. This suggests some traders are actively betting on downside. Confidence: 67%

Current DPI is -0.464(neutral). Neutral consolidation, trend and momentum are indistinct. From the current DPI structure, dealers appear largely neutral, suggesting limited willingness to reinforce directional price moves..

Options Terrain Outlook (3-Month)

The market is positioned near a structural transition zone, where options exposure may shift the prevailing trading regime. Volatility conditions remain relatively smooth. Price action is strongly influenced by existing options constraints. Once a directional move forms, continuation appears relatively easy. Structural sensitivity is elevated around the 2026-10-16 options expiry. 90% confidence

The support levels for AA are at 41.71, 41.18, and 39.12, while the resistance levels are at 42.41, 42.94, and 45.00. The pivot point, a key reference price for traders, is at 47.50.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 1)

Expiry 2026-10-02 (DTE 1): Pinning structure with suppressed volatility. Option flow bias is neutral (-0.10), pin strength 0.80.

Based on the latest options positioning (DTE 1), the ATM straddle implies a standardized 1.75% 1-day move.

The expected range for the next 1 days is 41.50 — 44.17 , corresponding to +5.02% / -1.32% .

Estimated using ATM implied volatility, OTM option flow, and dealer hedging conditions to capture the market-implied price range.

Bullish flow suggests upside interest toward 45.61 (8.45% above spot).

Bearish positioning points to downside pressure toward 41.38 (1.61% below spot).

Options flow strength: 0.58 (0–1 scale). ATM Strike: 42.00, Call: 0.41, Put: 0.33, Straddle Cost: 0.74.

Price moves may extend once a direction forms. The short-term gamma flip is near 45.33 , with intermediate positioning around 45.30 . The mid-term gamma flip remains near 45.34.