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

Analyze the complete AON 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 AON.

Latest Data: 2026-10-13 (EDT)

Max Pain Price

360

Exp: 2026-10-16

Gamma Flip

326.36

Gamma Flip (≈60 days)

Put/Call OI Ratio

1.346

Shows put vs call positioning

IV Skew

-0.45

Put–call IV difference

Max Pain Price Volatility

σ = 18.44

high volatility

Confidence 81%

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 -0.666(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)

The market is positioned near a structural transition zone, where options exposure may shift the prevailing trading regime. Volatility conditions remain relatively smooth. Price action is strongly influenced by existing options constraints. Once a directional move forms, continuation appears relatively easy. Structural sensitivity is elevated around the 2026-10-16 options expiry. 90% confidence

The support levels for AON are at 272.50, 269.84, and 262.67, while the resistance levels are at 276.92, 279.58, and 286.75. The pivot point, a key reference price for traders, is at 360.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 3)

Based on the latest options positioning (DTE 3), the ATM straddle implies a standardized 1.81% 1-day move.

The expected range for the next 3 days is 268.43 — 296.07 , corresponding to +7.78% / -2.29% .

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 311.11 (13.25% above spot).

Bearish positioning points to downside pressure toward 265.58 (3.32% below spot).

Options flow strength: 0.64 (0–1 scale). ATM Strike: 270.00, Call: 7.00, Put: 1.60, Straddle Cost: 8.60.

Price moves may extend once a direction forms. The short-term gamma flip is near 308.23 , with intermediate positioning around 326.36 . The mid-term gamma flip remains near 316.93.