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

Analyze the complete CNH 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 CNH.

Latest Data: 2026-08-17 (EDT)

Max Pain Price

12.5

Exp: 2026-08-21

Gamma Flip

11.03

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.970

Shows put vs call positioning

IV Skew

-1.41

Put–call IV difference

Max Pain Price Volatility

σ = 5.00

low 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: 80%

Current DPI is -0.193(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 CNH are at 10.21, 10.09, and 9.58, while the resistance levels are at 10.37, 10.49, and 11.00. The pivot point, a key reference price for traders, is at 12.50.

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

Based on the latest options positioning (DTE 4), the ATM straddle implies a standardized 2.92% 1-day move.

The expected range for the next 4 days is 10.06 — 11.53 , corresponding to +12.05% / -2.28% .

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 12.52 (21.63% above spot).

Bearish positioning points to downside pressure toward 10.00 (2.82% below spot).

Options flow strength: 0.50 (0–1 scale). ATM Strike: 10.00, Call: 0.53, Put: 0.08, Straddle Cost: 0.60.

Price moves may extend once a direction forms. The short-term gamma flip is near 14.37 , with intermediate positioning around 11.03 . The mid-term gamma flip remains near 11.03.