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

Analyze the complete CRM 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 CRM.

Latest Data: 2026-08-17 (EDT)

Max Pain Price

195

Exp: 2026-08-21

Gamma Flip

173.50

Gamma Flip (≈60 days)

Put/Call OI Ratio

1.030

Shows put vs call positioning

IV Skew

-5.92

Put–call IV difference

Max Pain Price Volatility

σ = 39.49

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: 83%

Current DPI is 0.538(bearish). Bearish, momentum neutral or unclear.

Options Terrain Outlook (3-Month)

Options positioning suggests a structurally constrained trading environment, where price movements are more likely to stall or mean-revert rather than extend. Volatility conditions are moderately choppy. Price action is strongly influenced by existing options constraints. Directional moves may struggle to sustain follow-through. Structural sensitivity is elevated around the 2026-08-21 options expiry. 100% confidence

The support levels for CRM are at 188.11, 184.67, and 168.38, while the resistance levels are at 193.83, 197.27, and 213.56. The pivot point, a key reference price for traders, is at 195.00.

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

Based on the latest options positioning (DTE 4), the ATM straddle implies a standardized 1.84% 1-day move.

The expected range for the next 4 days is 186.13 — 197.44 , corresponding to +3.39% / -2.53% .

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 200.29 (4.88% above spot).

Bearish positioning points to downside pressure toward 184.24 (3.53% below spot).

Options flow strength: 0.96 (0–1 scale). ATM Strike: 190.00, Call: 4.10, Put: 2.92, Straddle Cost: 7.02.

Short-term moves may occur, but follow-through is uncertain. The short-term gamma flip is near 191.96 , with intermediate positioning around 173.50 . The mid-term gamma flip remains near 173.50.