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

Analyze the complete ADBE 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 ADBE.

Latest Data: 2026-08-17 (EDT)
Max Pain Price
345
Exp: 2026-08-21
Gamma Flip
260.09
Gamma Flip (≈60 days)
Put/Call OI Ratio
0.985
Shows put vs call positioning
IV Skew
-3.35
Put–call IV difference
Max Pain Price Volatility
σ = 63.77
high volatility
Confidence 100%

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

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 0.418(bearish). Bearish, 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. Options constraints exert a moderate influence on price behavior. Directional continuation remains uncertain and selective. Structural sensitivity is elevated around the 2026-08-21 options expiry. 100% confidence

The support levels for ADBE are at 248.18, 241.34, and 203.58, while the resistance levels are at 259.90, 266.74, and 304.50. The pivot point, a key reference price for traders, is at 345.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 4)

Based on the latest options positioning (DTE 4), the ATM straddle implies a standardized 1.93% 1-day move.


The expected range for the next 4 days is 243.66 296.63 , corresponding to +16.77% / -4.09% .

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 321.66 (26.62% above spot).

Bearish positioning points to downside pressure toward 238.66 (6.05% below spot).


Options flow strength: 0.90 (0–1 scale). ATM Strike: 255.00, Call: 4.50, Put: 5.30, Straddle Cost: 9.80.


Price moves may extend once a direction forms. The short-term gamma flip is near 259.81 , with intermediate positioning around 260.09 . The mid-term gamma flip remains near 260.09.