CVX Options Chain — Open Interest, Implied Volatility, Max Pain & Gamma Exposure
Analyze the complete CVX 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 CVX.
Near-Term Options-Derived Market Structure
BEARISH BIAS
Reflecting options positioning and volatility conditions over the coming sessions.
A slight bearish tilt is visible, though the signal is weak and insufficient for a strong directional call. 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 0.885(bearish). Bearish, 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 are elevated, implying wider and less stable price swings. Options constraints exert a moderate influence on price behavior. Directional moves may struggle to sustain follow-through. Structural sensitivity is elevated around the 2026-03-27 options expiry. 100% confidence
Short-Term Options-Implied Price Range & Flow Structure (DTE: 2)
Based on the latest options positioning (DTE 2), the ATM straddle implies a standardized 1.27% 1-day move.
The expected range for the next 2 days is 201.44 — 208.27 , corresponding to +1.52% / -1.81% .
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 209.50 (2.12% above spot).
Bearish positioning points to downside pressure toward 199.80 (2.61% below spot).
Options flow strength: 0.80 (0–1 scale). ATM Strike: 205.00, Call: 1.95, Put: 1.74, Straddle Cost: 3.69.
Price moves are likely to stay range-bound. The short-term gamma flip is near 197.81 , with intermediate positioning around 183.27 . The mid-term gamma flip remains near 172.89.