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

Analyze the complete CSX 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 CSX.

Latest Data: 2026-03-25 (EDT)

Max Pain Price

Exp: 2026-03-27

Gamma Flip

39.26

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.942

Shows put vs call positioning

IV Skew

-1.46

Put–call IV difference

Max Pain Price Volatility

σ = 5.00

low 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: 100%

Current DPI is 0.547(strong-bullish). Bullish, momentum neutral or unclear.

Options Terrain Outlook (3-Month)

Options structure allows for directional movement, but with elevated volatility and less predictable follow-through. Volatility conditions remain relatively smooth. Options constraints exert a moderate influence on price behavior. Directional moves may struggle to sustain follow-through. Structural sensitivity is elevated around the 2026-06-18 options expiry. 100% confidence

The support levels for CSX are at 39.30, 38.89, and 37.95, while the resistance levels are at 39.84, 40.25, and 41.19. The pivot point, a key reference price for traders, is at 42.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 2)

Based on the latest options positioning (DTE 2), the ATM straddle implies a standardized 1.34% 1-day move.

The expected range for the next 2 days is 38.86 — 40.50 , corresponding to +2.34% / -1.80% .

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 41.10 (3.86% above spot).

Bearish positioning points to downside pressure toward 38.47 (2.78% below spot).

Options flow strength: 0.43 (0–1 scale). ATM Strike: 39.50, Call: 0.42, Put: 0.33, Straddle Cost: 0.75.

Short-term moves may occur, but follow-through is uncertain. The short-term gamma flip is near 39.70 , with intermediate positioning around 39.26 . The mid-term gamma flip remains near 39.12.