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

Analyze the complete CMI 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 CMI.

Latest Data: 2026-08-28 (EDT)

Max Pain Price

580

Exp: 2026-09-18

Gamma Flip

629.40

Gamma Flip (≈60 days)

Put/Call OI Ratio

1.347

Shows put vs call positioning

IV Skew

-5.04

Put–call IV difference

Max Pain Price Volatility

σ = 45.36

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 -0.246(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 2026-09-18 options expiry. 90% confidence

The support levels for CMI are at 555.18, 543.90, and 497.12, while the resistance levels are at 574.52, 585.80, and 632.58. The pivot point, a key reference price for traders, is at 580.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 21)

Based on the latest options positioning (DTE 21), the ATM straddle implies a standardized 1.33% 1-day move.

The expected range for the next 21 days is 541.81 — 598.97 , corresponding to +6.04% / -4.08% .

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 618.61 (9.52% above spot).

Bearish positioning points to downside pressure toward 529.32 (6.29% below spot).

Options flow strength: 0.87 (0–1 scale). ATM Strike: 560.00, Call: 19.40, Put: 14.90, Straddle Cost: 34.30.

Price moves may extend once a direction forms. The short-term gamma flip is near 633.89 , with intermediate positioning around 629.40 . The mid-term gamma flip remains near 629.40.