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: 2026-10-13 (EDT)

Max Pain Price

560

Exp: 2026-10-16

Gamma Flip

544.32

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.983

Shows put vs call positioning

IV Skew

-4.67

Put–call IV difference

Max Pain Price Volatility

σ = 49.30

high volatility

Confidence 75%

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 -0.23(neutral). ⏳ Neutral distribution, DPI neutral, but makers are actively shedding positions.

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 2026-10-16 options expiry. 90% confidence

The support levels for CMI are at 521.25, 511.80, and 482.80, while the resistance levels are at 537.45, 546.90, and 575.90. The pivot point, a key reference price for traders, is at 560.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 3)

Based on the latest options positioning (DTE 3), the ATM straddle implies a standardized 1.51% 1-day move.

The expected range for the next 3 days is 514.59 — 557.71 , corresponding to +5.36% / -2.79% .

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 575.96 (8.80% above spot).

Bearish positioning points to downside pressure toward 506.66 (4.29% below spot).

Options flow strength: 0.70 (0–1 scale). ATM Strike: 530.00, Call: 5.10, Put: 8.75, Straddle Cost: 13.85.

Price moves may extend once a direction forms. The short-term gamma flip is near 832.67 , with intermediate positioning around 544.32 . The mid-term gamma flip remains near 544.19.