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

Analyze the complete DIA 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 DIA.

Latest Data: 2026-03-25 (EDT)

Max Pain Price

477

Exp: 2026-03-27

Gamma Flip

463.84

Gamma Flip (≈60 days)

Put/Call OI Ratio

1.926

Shows put vs call positioning

IV Skew

-1.50

Put–call IV difference

Max Pain Price Volatility

σ = 11.93

medium 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

Looking only at the put-side activity, there is a bearish directional push. This suggests some traders are actively betting on downside. Confidence: 60%

Current DPI is -0.216(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 are elevated, implying wider and less stable price swings. Options constraints exert a moderate influence on price behavior. Directional continuation remains uncertain and selective. Structural sensitivity is elevated around the 2026-03-27 options expiry. 100% confidence

The support levels for DIA are at 462.23, 459.36, and 454.74, while the resistance levels are at 466.05, 468.92, and 473.54. The pivot point, a key reference price for traders, is at 477.00.

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

Based on the latest options positioning (DTE 2), the ATM straddle implies a standardized 1.00% 1-day move.

The expected range for the next 2 days is 459.79 — 468.23 , corresponding to +0.88% / -0.94% .

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 469.42 (1.14% above spot).

Bearish positioning points to downside pressure toward 458.45 (1.23% below spot).

Options flow strength: 0.83 (0–1 scale). ATM Strike: 464.00, Call: 3.48, Put: 3.09, Straddle Cost: 6.56.

Market signals are mixed and less reliable. The short-term gamma flip is near 463.87 , with intermediate positioning around 463.84 . The mid-term gamma flip remains near 464.41.