CTAS Options Chain — Open Interest, Implied Volatility, Max Pain & Gamma Exposure
Analyze the complete CTAS 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 CTAS.
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 0.665(neutral). ⏳ Neutral accumulation, DPI neutral, but makers are actively building positions.
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 2026-09-18 options expiry. 90% confidence
Short-Term Options-Implied Price Range & Flow Structure (0DTE · Intraday Reference)
Expiry 2026-08-28 (DTE 0): Pinning structure with suppressed volatility. Option flow bias is neutral (-0.10), pin strength 0.70.
Based on same-day expiring options (0DTE), the ATM straddle implies an 0.63% standardized 1-day equivalent move, serving as an intraday volatility reference.
The implied intraday range is approximately 200.25 — 208.50 , corresponding to +2.12% / -1.92% .
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 211.70 (3.68% above spot).
Bearish positioning points to downside pressure toward 197.41 (3.32% below spot).
Options flow strength: 0.53 (0–1 scale). ATM Strike: 205.00, Call: 0.44, Put: 0.85, Straddle Cost: 1.29.
Price moves are likely to stay range-bound. The short-term gamma flip is near 200.08 , with intermediate positioning around 200.23 . The mid-term gamma flip remains near 200.21.