DLR Options Chain — Open Interest, Implied Volatility, Max Pain & Gamma Exposure
Analyze the complete DLR 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 DLR.
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 -0.35(strong-bearish). Bearish, momentum neutral or unclear.
Options Terrain Outlook (3-Month)
The market is positioned near a structural transition zone, where options exposure may shift the prevailing trading regime. Volatility conditions are moderately choppy. Price action is strongly influenced by existing options constraints. Once a directional move forms, continuation appears relatively easy. 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 bullish (0.30), pin strength 0.70.
Based on same-day expiring options (0DTE), the ATM straddle implies an 3.81% standardized 1-day equivalent move, serving as an intraday volatility reference.
The implied intraday range is approximately 182.71 — 193.22 , corresponding to +4.18% / -1.49% .
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 196.45 (5.92% above spot).
Bearish positioning points to downside pressure toward 183.79 (0.91% below spot).
Options flow strength: 0.57 (0–1 scale). ATM Strike: 185.00, Call: 6.37, Put: 0.69, Straddle Cost: 7.06.
Price moves may extend once a direction forms. The short-term gamma flip is near 195.54 , with intermediate positioning around 195.30 . The mid-term gamma flip remains near 195.30.