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

Analyze the complete COLD 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 COLD.

Latest Data: 2026-08-28 (EDT)

Max Pain Price

Exp: 2026-09-18

Gamma Flip

15.85

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.491

Shows put vs call positioning

IV Skew

-0.82

Put–call IV difference

Max Pain Price Volatility

σ = 5.00

low volatility

Confidence 35%

Near-Term Options-Derived Market Structure

BEARISH BIAS

Reflecting options positioning and volatility conditions over the coming sessions.

A slight bearish tilt is visible, though the signal is weak and insufficient for a strong directional call. 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 0.5(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 moderately choppy. Options constraints exert a moderate influence on price behavior. Once a directional move forms, continuation appears relatively easy. Structural sensitivity is elevated around the 2026-09-18 options expiry. 100% confidence

The support levels for COLD are at 14.92, 14.79, and 14.40, while the resistance levels are at 15.10, 15.23, and 15.62. The pivot point, a key reference price for traders, is at 15.00.

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

Based on the latest options positioning (DTE 21), the ATM straddle implies a standardized 1.42% 1-day move.

The expected range for the next 21 days is 14.48 — 17.17 , corresponding to +14.41% / -3.55% .

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 18.96 (26.32% above spot).

Bearish positioning points to downside pressure toward 14.12 (5.94% below spot).

Options flow strength: 0.55 (0–1 scale). ATM Strike: 15.00, Call: 0.48, Put: 0.50, Straddle Cost: 0.98.

Price moves may extend once a direction forms. The short-term gamma flip is near 15.99 , with intermediate positioning around 15.85 . The mid-term gamma flip remains near 15.85.