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: 2026-03-25 (EDT)

Max Pain Price

12.5

Exp: 2026-04-17

Gamma Flip

11.68

Gamma Flip (≈60 days)

Put/Call OI Ratio

1.406

Shows put vs call positioning

IV Skew

-1.66

Put–call IV difference

Max Pain Price Volatility

σ = 5.00

low volatility

Confidence 88%

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: 60%

Current DPI is -0.568(neutral). Neutral consolidation, trend and momentum are indistinct. From the current DPI structure, dealers appear largely neutral, suggesting limited willingness to reinforce directional price moves..

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. Options constraints exert a moderate influence on price behavior. Directional continuation remains uncertain and selective. Structural sensitivity is elevated around the 2026-04-17 options expiry. 90% confidence

The support levels for COLD are at 11.22, 11.09, and 10.52, while the resistance levels are at 11.40, 11.53, and 12.10. The pivot point, a key reference price for traders, is at 12.50.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 23)

Based on the latest options positioning (DTE 23), the ATM straddle implies a standardized 2.86% 1-day move.

The expected range for the next 23 days is 10.50 — 12.83 , corresponding to +13.41% / -7.13% .

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 13.93 (23.13% above spot).

Bearish positioning points to downside pressure toward 9.99 (11.68% below spot).

Options flow strength: 0.62 (0–1 scale). ATM Strike: 12.50, Call: 0.12, Put: 1.42, Straddle Cost: 1.55.

Price moves may extend once a direction forms. The short-term gamma flip is near 11.71 , with intermediate positioning around 11.68 . The mid-term gamma flip remains near 11.68.