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

Analyze the complete COF 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 COF.

Latest Data: 2026-08-17 (EDT)

Max Pain Price

220

Exp: 2026-08-21

Gamma Flip

205.64

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.849

Shows put vs call positioning

IV Skew

-7.31

Put–call IV difference

Max Pain Price Volatility

σ = 15.50

high volatility

Confidence 44%

Near-Term Options-Derived Market Structure

BEARISH BIAS

Reflecting options positioning and volatility conditions over the coming sessions.

The options structure reflects a moderate bearish bias. Downside factors are present but not dominant. 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: 100%

Current DPI is 0.677(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 COF are at 219.82, 217.86, and 212.81, while the resistance levels are at 223.08, 225.04, and 230.09. The pivot point, a key reference price for traders, is at 220.00.

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

Based on the latest options positioning (DTE 4), the ATM straddle implies a standardized 1.20% 1-day move.

The expected range for the next 4 days is 210.19 — 225.69 , corresponding to +1.92% / -5.09% .

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 227.72 (2.83% above spot).

Bearish positioning points to downside pressure toward 203.18 (8.25% below spot).

Options flow strength: 0.77 (0–1 scale). ATM Strike: 222.50, Call: 2.38, Put: 2.95, Straddle Cost: 5.33.

Price moves are likely to stay range-bound. The short-term gamma flip is near 217.30 , with intermediate positioning around 205.64 . The mid-term gamma flip remains near 205.64.