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

Analyze the complete AJG 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 AJG.

Latest Data: 2026-02-06 (EDT)

Max Pain Price

250

Exp: 2026-02-20

Gamma Flip

258.42

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.783

Shows put vs call positioning

IV Skew

-5.81

Put–call IV difference

Max Pain Price Volatility

σ = 0.00

low volatility

Confidence 50%

Near-Term Options-Derived Market Structure

BULLISH BIAS

Reflecting options positioning and volatility conditions over the coming sessions.

The options data shows a moderate bullish tilt. There is some directional support, though momentum remains limited. 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 -0.644(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. Directional moves may struggle to sustain follow-through. Structural sensitivity is elevated around the 2026-02-20 options expiry. 100% confidence

The support levels for AJG are at 237.86, 233.39, and 218.25, while the resistance levels are at 245.30, 249.77, and 264.91. The pivot point, a key reference price for traders, is at 250.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 14)

Based on the latest options positioning (DTE 14), the ATM straddle implies a standardized 1.24% 1-day move.

The expected range for the next 14 days is 236.24 — 253.36 , corresponding to +4.88% / -2.21% .

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 260.94 (8.01% above spot).

Bearish positioning points to downside pressure toward 233.46 (3.36% below spot).

Options flow strength: 0.72 (0–1 scale). ATM Strike: 240.00, Call: 6.70, Put: 4.50, Straddle Cost: 11.20.

Market signals are mixed and less reliable. No short-term gamma flip is observed , with intermediate positioning around 258.42 . The mid-term gamma flip remains near 256.11.