AAOI Options Chain — Open Interest, Implied Volatility, Max Pain & Gamma Exposure
Analyze the complete AAOI 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 AAOI.
Near-Term Options-Derived Market Structure
NEUTRAL OUTLOOK
Reflecting options positioning and volatility conditions over the coming sessions.
The options structure reflects a high-confidence neutral environment. Dealer positioning and volatility suppression suggest a stable range-bound setup rather than a directional move. Options Chian
On the put side, the bearish positioning looks mainly like hedging. This reflects caution and short-term protection rather than a true bearish call. Confidence: 100%
Current DPI is 0.829(strong-bullish). Bullish, momentum neutral or unclear.
Options Terrain Outlook (3-Month)
Options structure allows for directional movement, but with elevated volatility and less predictable follow-through. Volatility conditions are moderately choppy. Structural constraints from options positioning are relatively light. Directional moves may struggle to sustain follow-through. Structural sensitivity is elevated around the 2026-02-20 options expiry. 100% confidence
Short-Term Options-Implied Price Range & Flow Structure (0DTE · Intraday Reference)
Expiry 2026-02-06 (DTE 0): Pinning structure with suppressed volatility. Option flow bias is neutral (0.20), pin strength 0.70.
Based on same-day expiring options (0DTE), the ATM straddle implies an 9.14% standardized 1-day equivalent move, serving as an intraday volatility reference.
The implied intraday range is approximately 41.37 — 48.27 , corresponding to +8.96% / -6.61% .
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 49.60 (11.96% above spot).
Bearish positioning points to downside pressure toward 40.79 (7.93% below spot).
Options flow strength: 0.76 (0–1 scale). ATM Strike: 44.50, Call: 0.20, Put: 3.85, Straddle Cost: 4.05.
Price moves are likely to stay range-bound. The short-term gamma flip is near 43.85 , with intermediate positioning around 42.85 . The mid-term gamma flip remains near 42.85.