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

Analyze the complete CMG 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 CMG.

Latest Data: 2026-07-20 (EDT)

Max Pain Price

Exp: 2026-07-24

Gamma Flip

32.62

Gamma Flip (≈60 days)

Put/Call OI Ratio

1.139

Shows put vs call positioning

IV Skew

-4.64

Put–call IV difference

Max Pain Price Volatility

σ = 5.65

medium volatility

Confidence 81%

Near-Term Options-Derived Market Structure

BULLISH BIAS

Reflecting options positioning and volatility conditions over the coming sessions.

The options market shows a strong bullish alignment. Multiple key factors point firmly to the upside, supported by dealer flows and positioning. 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 -0.22(bearish). Bearish, 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 are moderately choppy. 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

The support levels for CMG are at 32.75, 32.17, and 29.95, while the resistance levels are at 33.51, 34.09, and 36.31. The pivot point, a key reference price for traders, is at 35.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 4)

Based on the latest options positioning (DTE 4), the ATM straddle implies a standardized 1.95% 1-day move.

The expected range for the next 4 days is 32.24 — 34.78 , corresponding to +4.99% / -2.70% .

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 35.83 (8.15% above spot).

Bearish positioning points to downside pressure toward 31.80 (4.00% below spot).

Options flow strength: 0.63 (0–1 scale). ATM Strike: 33.00, Call: 0.72, Put: 0.57, Straddle Cost: 1.29.

Price moves are likely to stay range-bound. The short-term gamma flip is near 32.33 , with intermediate positioning around 32.62 . The mid-term gamma flip remains near 32.62.