AEO Options Chain — Open Interest, Implied Volatility, Max Pain & Gamma Exposure
Analyze the complete AEO 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 AEO.
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: 87%
Current DPI is 0.54(neutral). ⏳ Neutral accumulation, DPI neutral, but makers are actively building positions.
Options Terrain Outlook (3-Month)
Options positioning suggests a structurally constrained trading environment, where price movements are more likely to stall or mean-revert rather than extend. Volatility conditions remain relatively smooth. Price action is strongly influenced by existing options constraints. Directional moves may struggle to sustain follow-through. Structural sensitivity is elevated around the 2026-09-04 options expiry. 100% confidence
Short-Term Options-Implied Price Range & Flow Structure (0DTE · Intraday Reference)
Expiry 2026-08-28 (DTE 0): Pinning structure with suppressed volatility. Option flow bias is bearish (-0.30), pin strength 0.70.
Based on same-day expiring options (0DTE), the ATM straddle implies an 1.99% standardized 1-day equivalent move, serving as an intraday volatility reference.
The implied intraday range is approximately 15.77 — 17.06 , corresponding to +1.10% / -6.52% .
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 17.06 (1.11% above spot).
Bearish positioning points to downside pressure toward 15.03 (10.93% below spot).
Options flow strength: 0.63 (0–1 scale). ATM Strike: 17.00, Call: 0.28, Put: 0.06, Straddle Cost: 0.34.
Price moves are likely to stay range-bound. The short-term gamma flip is near 15.63 , with intermediate positioning around 15.66 . The mid-term gamma flip remains near 15.68.