APA Options Chain — Open Interest, Implied Volatility, Max Pain & Gamma Exposure
Analyze the complete APA 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 APA.
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: 100%
Current DPI is 0.886(bullish). Bullish, 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 moves may struggle to sustain follow-through. 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 bearish (-0.50), pin strength 0.70.
Based on same-day expiring options (0DTE), the ATM straddle implies an 1.49% standardized 1-day equivalent move, serving as an intraday volatility reference.
The implied intraday range is approximately 26.36 — 28.19 , corresponding to +2.67% / -4.02% .
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 28.65 (4.33% above spot).
Bearish positioning points to downside pressure toward 25.56 (6.93% below spot).
Options flow strength: 0.50 (0–1 scale). ATM Strike: 27.50, Call: 0.22, Put: 0.19, Straddle Cost: 0.41.
Price moves are likely to stay range-bound. The short-term gamma flip is near 26.08 , with intermediate positioning around 25.46 . The mid-term gamma flip remains near 25.45.