CHWY Options Chain — Open Interest, Implied Volatility, Max Pain & Gamma Exposure
Analyze the complete CHWY 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 CHWY.
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 0.428(bullish). Bullish, momentum neutral or unclear.
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 moves may struggle to sustain follow-through. Structural sensitivity is elevated around the 2026-09-18 options expiry. 100% confidence
Short-Term Options-Implied Price Range & Flow Structure (0DTE · Intraday Reference)
Expiry 2026-08-28 (DTE 0): Pinning structure with suppressed volatility. Option flow bias is bearish (-0.50), pin strength 0.80.
Based on same-day expiring options (0DTE), the ATM straddle implies an 1.16% standardized 1-day equivalent move, serving as an intraday volatility reference.
The implied intraday range is approximately 22.93 — 24.21 , corresponding to +4.10% / -1.42% .
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 25.00 (7.48% above spot).
Bearish positioning points to downside pressure toward 22.76 (2.13% below spot).
Options flow strength: 0.43 (0–1 scale). ATM Strike: 23.50, Call: 0.14, Put: 0.14, Straddle Cost: 0.27.
Price moves are likely to stay range-bound. The short-term gamma flip is near 21.26 , with intermediate positioning around 21.30 . The mid-term gamma flip remains near 21.29.