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

Analyze the complete DVA 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 DVA.

Latest Data: 2026-10-01 (EDT)

Max Pain Price

220

Exp: 2026-10-16

Gamma Flip

174.50

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.570

Shows put vs call positioning

IV Skew

-10.83

Put–call IV difference

Max Pain Price Volatility

σ = 37.81

high 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: 67%

Current DPI is -0.025(bullish). Bullish, momentum neutral or unclear.

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 2026-10-16 options expiry. 100% confidence

The support levels for DVA are at 174.20, 171.61, and 162.84, while the resistance levels are at 178.50, 181.09, and 189.86. The pivot point, a key reference price for traders, is at 220.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 15)

Based on the latest options positioning (DTE 15), the ATM straddle implies a standardized 1.45% 1-day move.

The expected range for the next 15 days is 170.72 — 186.12 , corresponding to +5.54% / -3.19% .

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 191.73 (8.72% above spot).

Bearish positioning points to downside pressure toward 167.85 (4.82% below spot).

Options flow strength: 0.84 (0–1 scale). ATM Strike: 175.00, Call: 6.20, Put: 3.70, Straddle Cost: 9.90.

Price moves are likely to stay range-bound. The short-term gamma flip is near 174.43 , with intermediate positioning around 174.50 . The mid-term gamma flip remains near 173.23.