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.
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: 60%
Current DPI is -0.684(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)
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. Once a directional move forms, continuation appears relatively easy. 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 1.60% standardized 1-day equivalent move, serving as an intraday volatility reference.
The implied intraday range is approximately 264.45 — 281.56 , corresponding to +4.91% / -1.46% .
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 289.74 (7.96% above spot).
Bearish positioning points to downside pressure toward 263.22 (1.92% below spot).
Options flow strength: 0.71 (0–1 scale). ATM Strike: 267.50, Call: 2.67, Put: 1.64, Straddle Cost: 4.30.
Price moves may extend once a direction forms. The short-term gamma flip is near 288.09 , with intermediate positioning around 295.66 . The mid-term gamma flip remains near 297.06.