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

Analyze the complete AZN 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 AZN.

Latest Data: 2026-08-28 (EDT)

Max Pain Price

160

Exp: 2026-09-18

Gamma Flip

152.39

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.549

Shows put vs call positioning

IV Skew

-7.22

Put–call IV difference

Max Pain Price Volatility

σ = 52.18

high volatility

Confidence 85%

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 0.08(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 2026-10-16 options expiry. 100% confidence

The support levels for AZN are at 160.23, 157.36, and 149.27, while the resistance levels are at 165.17, 168.04, and 176.13. The pivot point, a key reference price for traders, is at 160.00.

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

Based on the latest options positioning (DTE 21), the ATM straddle implies a standardized 1.21% 1-day move.

The expected range for the next 21 days is 134.51 — 167.28 , corresponding to +2.82% / -17.32% .

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 169.52 (4.19% above spot).

Bearish positioning points to downside pressure toward 117.74 (27.63% below spot).

Options flow strength: 0.91 (0–1 scale). ATM Strike: 165.00, Call: 3.60, Put: 5.45, Straddle Cost: 9.05.

Short-term moves may occur, but follow-through is uncertain. The short-term gamma flip is near 163.97 , with intermediate positioning around 152.39 . The mid-term gamma flip remains near 152.39.