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

Analyze the complete FFIV 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 FFIV.

Latest Data: 2026-02-06 (EDT)

Max Pain Price

270

Exp: 2026-02-20

Gamma Flip

255.41

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.672

Shows put vs call positioning

IV Skew

-2.73

Put–call IV difference

Max Pain Price Volatility

σ = 5.00

low 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: 100%

Current DPI is 0.7(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 2026-02-20 options expiry. 90% confidence

The support levels for FFIV are at 274.65, 271.77, and 261.69, while the resistance levels are at 278.49, 281.37, and 291.45. The pivot point, a key reference price for traders, is at 270.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 14)

Based on the latest options positioning (DTE 14), the ATM straddle implies a standardized 1.40% 1-day move.

The expected range for the next 14 days is 262.06 — 284.76 , corresponding to +2.96% / -5.25% .

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 289.14 (4.55% above spot).

Bearish positioning points to downside pressure toward 253.21 (8.45% below spot).

Options flow strength: 0.77 (0–1 scale). ATM Strike: 280.00, Call: 5.65, Put: 8.80, Straddle Cost: 14.45.

Price moves are likely to stay range-bound. The short-term gamma flip is near 256.54 , with intermediate positioning around 255.41 . The mid-term gamma flip remains near 255.27.