FLY Options Chain — Open Interest, Implied Volatility, Max Pain & Gamma Exposure
Analyze the complete FLY 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 FLY.
Near-Term Options-Derived Market Structure
BEARISH BIAS
Reflecting options positioning and volatility conditions over the coming sessions.
The options structure reflects a moderate bearish bias. Downside factors are present but not dominant. 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: 73%
Current DPI is 0.971(neutral). ⏳ Neutral accumulation, DPI neutral, but makers are actively building positions.
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 2026-04-17 options expiry. 100% confidence
Short-Term Options-Implied Price Range & Flow Structure (0DTE · Intraday Reference)
Expiry 2026-04-10 (DTE 0): Pinning structure with suppressed volatility. Option flow bias is neutral (0.20), pin strength 0.70.
Based on same-day expiring options (0DTE), the ATM straddle implies an 5.19% standardized 1-day equivalent move, serving as an intraday volatility reference.
The implied intraday range is approximately 35.97 — 39.79 , corresponding to +5.98% / -4.19% .
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 40.74 (8.54% above spot).
Bearish positioning points to downside pressure toward 35.57 (5.26% below spot).
Options flow strength: 0.61 (0–1 scale). ATM Strike: 38.00, Call: 0.17, Put: 1.77, Straddle Cost: 1.95.
Price moves are likely to stay range-bound. The short-term gamma flip is near 23.64 , with intermediate positioning around 23.37 . The mid-term gamma flip remains near 23.37.