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

Analyze the complete CPNG 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 CPNG.

Latest Data: 2026-08-17 (EDT)

Max Pain Price

Exp: 2026-08-21

Gamma Flip

15.71

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.563

Shows put vs call positioning

IV Skew

-1.73

Put–call IV difference

Max Pain Price Volatility

σ = 5.79

medium volatility

Confidence 66%

Near-Term Options-Derived Market Structure

BULLISH BIAS

Reflecting options positioning and volatility conditions over the coming sessions.

The options data shows a moderate bullish tilt. There is some directional support, though momentum remains limited. 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: 80%

Current DPI is -0.328(bearish). Bearish, momentum neutral or unclear.

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 elevated, implying wider and less stable price swings. Options constraints exert a moderate influence on price behavior. Once a directional move forms, continuation appears relatively easy. Structural sensitivity is elevated around the 2026-08-21 options expiry. 100% confidence

The support levels for CPNG are at 15.60, 15.42, and 14.72, while the resistance levels are at 15.84, 16.02, and 16.72. The pivot point, a key reference price for traders, is at 21.00.

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

Based on the latest options positioning (DTE 4), the ATM straddle implies a standardized 2.27% 1-day move.

The expected range for the next 4 days is 15.14 — 16.97 , corresponding to +7.96% / -3.70% .

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 17.76 (13.00% above spot).

Bearish positioning points to downside pressure toward 14.85 (5.56% below spot).

Options flow strength: 0.72 (0–1 scale). ATM Strike: 15.50, Call: 0.49, Put: 0.22, Straddle Cost: 0.71.

Short-term moves may occur, but follow-through is uncertain. The short-term gamma flip is near 20.64 , with intermediate positioning around 15.71 . The mid-term gamma flip remains near 15.71.