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.

Latest Data: 2026-08-28 (EDT)

Max Pain Price

42.5

Exp: 2026-09-18

Gamma Flip

32.65

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.587

Shows put vs call positioning

IV Skew

-8.76

Put–call IV difference

Max Pain Price Volatility

σ = 8.81

medium volatility

Confidence 52%

Near-Term Options-Derived Market Structure

BEARISH BIAS

Reflecting options positioning and volatility conditions over the coming sessions.

The options structure reflects a moderate bearish bias. Downside factors are present but not dominant. 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 0.722(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 are moderately choppy. Price action is strongly influenced by existing options constraints. Directional moves may struggle to sustain follow-through. Structural sensitivity is elevated around the 2026-09-18 options expiry. 100% confidence

The support levels for ASX are at 37.40, 36.84, and 33.99, while the resistance levels are at 38.16, 38.72, and 41.57. The pivot point, a key reference price for traders, is at 42.50.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 21)

Based on the latest options positioning (DTE 21), the ATM straddle implies a standardized 2.27% 1-day move.

The expected range for the next 21 days is 35.56 — 40.50 , corresponding to +7.19% / -5.87% .

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 41.97 (11.10% above spot).

Bearish positioning points to downside pressure toward 34.40 (8.94% below spot).

Options flow strength: 0.87 (0–1 scale). ATM Strike: 37.50, Call: 2.47, Put: 1.45, Straddle Cost: 3.92.

Price moves are likely to stay range-bound. The short-term gamma flip is near 32.59 , with intermediate positioning around 32.65 . The mid-term gamma flip remains near 32.65.