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

Analyze the complete CPAY 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 CPAY.

Latest Data: 2026-10-01 (EDT)

Max Pain Price

390

Exp: 2026-10-16

Gamma Flip

398.01

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.119

Shows put vs call positioning

IV Skew

7.63

Put–call IV difference

Max Pain Price Volatility

σ = 30.15

high volatility

Confidence 85%

Near-Term Options-Derived Market Structure

NEUTRAL OUTLOOK

Reflecting options positioning and volatility conditions over the coming sessions.

The options structure reflects a high-confidence neutral environment. Dealer positioning and volatility suppression suggest a stable range-bound setup rather than a directional move. 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: 85%

Current DPI is 0.651(neutral). ⏳ Neutral accumulation, DPI neutral, but makers are actively building positions.

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 2027-02-19 options expiry. 90% confidence

The support levels for CPAY are at 386.23, 382.03, and 372.02, while the resistance levels are at 393.23, 397.43, and 407.44. The pivot point, a key reference price for traders, is at 390.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 15)

Based on the latest options positioning (DTE 15), the ATM straddle implies a standardized 1.08% 1-day move.

The expected range for the next 15 days is 378.73 — 399.90 , corresponding to +2.61% / -2.82% .

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 407.49 (4.56% above spot).

Bearish positioning points to downside pressure toward 370.32 (4.98% below spot).

Options flow strength: 0.42 (0–1 scale). ATM Strike: 390.00, Call: 8.80, Put: 7.55, Straddle Cost: 16.35.

Price moves may extend once a direction forms. The short-term gamma flip is near 415.97 , with intermediate positioning around 398.01 . The mid-term gamma flip remains near 398.01.