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

Analyze the complete CME 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 CME.

Latest Data: 2026-03-25 (EDT)

Max Pain Price

305

Exp: 2026-03-27

Gamma Flip

306.34

Gamma Flip (≈60 days)

Put/Call OI Ratio

1.699

Shows put vs call positioning

IV Skew

0.71

Put–call IV difference

Max Pain Price Volatility

σ = 19.82

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

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 -0.212(strong-bearish). Bearish, momentum neutral or unclear.

Options Terrain Outlook (3-Month)

The market is positioned near a structural transition zone, where options exposure may shift the prevailing trading regime. Volatility conditions are moderately choppy. Price action is strongly influenced by existing options constraints. Once a directional move forms, continuation appears relatively easy. Structural sensitivity is elevated around the 2026-04-17 options expiry. 90% confidence

The support levels for CME are at 291.62, 288.85, and 281.87, while the resistance levels are at 296.24, 299.01, and 305.99. The pivot point, a key reference price for traders, is at 305.00.

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

Based on the latest options positioning (DTE 2), the ATM straddle implies a standardized 1.28% 1-day move.

The expected range for the next 2 days is 284.88 — 310.50 , corresponding to +5.64% / -3.08% .

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 323.56 (10.08% above spot).

Bearish positioning points to downside pressure toward 278.64 (5.20% below spot).

Options flow strength: 0.52 (0–1 scale). ATM Strike: 295.00, Call: 2.20, Put: 3.10, Straddle Cost: 5.30.

Price moves may extend once a direction forms. The short-term gamma flip is near 306.31 , with intermediate positioning around 306.34 . The mid-term gamma flip remains near 305.94.