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

Analyze the complete CCL 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 CCL.

Latest Data: 2026-03-25 (EDT)

Max Pain Price

26.5

Exp: 2026-03-27

Gamma Flip

25.87

Gamma Flip (≈60 days)

Put/Call OI Ratio

1.380

Shows put vs call positioning

IV Skew

-0.31

Put–call IV difference

Max Pain Price Volatility

σ = 5.00

low 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

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 -0.361(neutral). ⏳ Neutral distribution, DPI neutral, but makers are actively shedding positions. Trend approaching turning point (Momentum Deceleration) with High Saturation Gamma saturation

Options Terrain Outlook (3-Month)

Options structure allows for directional movement, but with elevated volatility and less predictable follow-through. Volatility conditions remain relatively smooth. Options constraints exert a moderate influence on price behavior. Directional continuation remains uncertain and selective. Structural sensitivity is elevated around the 2026-04-17 options expiry. 100% confidence

The support levels for CCL are at 25.47, 25.08, and 22.92, while the resistance levels are at 25.99, 26.38, and 28.54. The pivot point, a key reference price for traders, is at 26.50.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 2)

Based on the latest options positioning (DTE 2), the ATM straddle implies a standardized 5.48% 1-day move.

The expected range for the next 2 days is 24.65 — 26.80 , corresponding to +4.14% / -4.20% .

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 27.04 (5.08% above spot).

Bearish positioning points to downside pressure toward 24.40 (5.18% below spot).

Options flow strength: 0.85 (0–1 scale). ATM Strike: 25.50, Call: 1.07, Put: 0.93, Straddle Cost: 1.99.

Price moves may extend once a direction forms. The short-term gamma flip is near 25.91 , with intermediate positioning around 25.87 . The mid-term gamma flip remains near 25.90.