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.
Near-Term Options-Derived Market Structure
BEARISH BIAS
Reflecting options positioning and volatility conditions over the coming sessions.
A slight bearish tilt is visible, though the signal is weak and insufficient for a strong directional call. 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: 67%
Current DPI is 0.271(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 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 2026-02-20 options expiry. 100% confidence
Short-Term Options-Implied Price Range & Flow Structure (0DTE · Intraday Reference)
Expiry 2026-02-06 (DTE 0): Pinning structure with suppressed volatility. Option flow bias is bullish (0.30), pin strength 0.90.
Based on same-day expiring options (0DTE), the ATM straddle implies an 1.73% standardized 1-day equivalent move, serving as an intraday volatility reference.
The implied intraday range is approximately 36.32 — 40.31 , corresponding to +2.33% / -7.79% .
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 40.73 (3.41% above spot).
Bearish positioning points to downside pressure toward 34.23 (13.10% below spot).
Options flow strength: 0.68 (0–1 scale). ATM Strike: 39.50, Call: 0.63, Put: 0.05, Straddle Cost: 0.68.
Price moves are likely to stay range-bound. The short-term gamma flip is near 39.09 , with intermediate positioning around 39.12 . The mid-term gamma flip remains near 39.12.