ASX Options Chain — Open Interest, Implied Volatility, Max Pain & Gamma Exposure
Analyze the complete ASX 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 ASX.
Near-Term Options-Derived Market Structure
BEARISH BIAS
Reflecting options positioning and volatility conditions over the coming sessions.
The options structure indicates a clear bearish tilt. Several major factors align to the downside, suggesting elevated short-term downside risk. 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 0.921(bearish). Bearish, momentum neutral or unclear.
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 2026-11-20 options expiry. 100% confidence
Short-Term Options-Implied Price Range & Flow Structure (DTE: 3)
Based on the latest options positioning (DTE 3), the ATM straddle implies a standardized 2.85% 1-day move.
The expected range for the next 3 days is 44.56 — 49.33 , corresponding to +3.64% / -6.38% .
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 50.13 (5.31% above spot).
Bearish positioning points to downside pressure toward 42.72 (10.25% below spot).
Options flow strength: 0.64 (0–1 scale). ATM Strike: 47.50, Call: 0.90, Put: 1.45, Straddle Cost: 2.35.
Price moves are likely to stay range-bound. The short-term gamma flip is near 44.20 , with intermediate positioning around 40.94 . The mid-term gamma flip remains near 40.99.