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

Analyze the complete ARES 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 ARES.

Latest Data: 2026-02-06 (EDT)
Max Pain Price
135
Exp: 2026-02-20
Gamma Flip
168.87
Gamma Flip (≈60 days)
Put/Call OI Ratio
11.410
Shows put vs call positioning
IV Skew
1.68
Put–call IV difference
Max Pain Price Volatility
σ = 0.00
low volatility
Confidence 88%

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: 67%

Current DPI is -0.927(strong-bullish). Bullish, momentum neutral or unclear.

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 are moderately choppy. Price action is strongly influenced by existing options constraints. Once a directional move forms, continuation appears relatively easy. Structural sensitivity is elevated around the 2026-02-20 options expiry. 90% confidence

The support levels for ARES are at 128.37, 125.87, and 109.26, while the resistance levels are at 132.55, 135.05, and 151.66. The pivot point, a key reference price for traders, is at 135.00.

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

Based on the latest options positioning (DTE 14), the ATM straddle implies a standardized 1.96% 1-day move.


The expected range for the next 14 days is 125.42 139.35 , corresponding to +6.82% / -3.86% .

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 144.54 (10.79% above spot).

Bearish positioning points to downside pressure toward 122.86 (5.83% below spot).


Options flow strength: 0.81 (0–1 scale). ATM Strike: 130.00, Call: 5.20, Put: 4.35, Straddle Cost: 9.55.


Price moves may extend once a direction forms. The short-term gamma flip is near 173.43 , with intermediate positioning around 168.87 . The mid-term gamma flip remains near 168.87.