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

Analyze the complete COLB 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 COLB.

Latest Data: 2026-02-06 (EDT)
Max Pain Price
30
Exp: 2026-02-20
Gamma Flip
26.80
Gamma Flip (≈60 days)
Put/Call OI Ratio
0.178
Shows put vs call positioning
IV Skew
9.19
Put–call IV difference
Max Pain Price Volatility
σ = 5.00
low volatility
Confidence 50%

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: 65%

Current DPI is 0.987(neutral). ⏳ Neutral accumulation, DPI neutral, but makers are actively building positions.

Options Terrain Outlook (3-Month)

Options structure allows for directional movement, but with elevated volatility and less predictable follow-through. Volatility conditions are elevated, implying wider and less stable price swings. 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

The support levels for COLB are at 31.91, 31.66, and 31.03, while the resistance levels are at 32.23, 32.48, and 33.11. The pivot point, a key reference price for traders, is at 30.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 14)

Based on the latest options positioning (DTE 14), the ATM straddle implies a standardized 2.15% 1-day move.


The expected range for the next 14 days is 26.81 33.79 , corresponding to +5.37% / -16.42% .

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 35.00 (9.14% above spot).

Bearish positioning points to downside pressure toward 22.35 (30.30% below spot).


Options flow strength: 0.51 (0–1 scale). ATM Strike: 30.00, Call: 2.28, Put: 0.30, Straddle Cost: 2.58.


Price moves are likely to stay range-bound. The short-term gamma flip is near 26.69 , with intermediate positioning around 26.80 . The mid-term gamma flip remains near 26.80.