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

Analyze the complete HBM 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 HBM.

Latest Data: 2026-02-06 (EDT)

Max Pain Price

Exp: 2026-02-20

Gamma Flip

17.83

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.084

Shows put vs call positioning

IV Skew

-1.44

Put–call IV difference

Max Pain Price Volatility

σ = 5.00

low volatility

Confidence 35%

Near-Term Options-Derived Market Structure

BEARISH BIAS

Reflecting options positioning and volatility conditions over the coming sessions.

A slight bearish tilt is visible, though the signal is weak and insufficient for a strong directional call. 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 0.965(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. 90% confidence

The support levels for HBM are at 24.45, 24.04, and 21.44, while the resistance levels are at 25.01, 25.42, and 28.02. The pivot point, a key reference price for traders, is at 30.00.

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

Based on the latest options positioning (DTE 14), the ATM straddle implies a standardized 2.97% 1-day move.

The expected range for the next 14 days is 22.46 — 25.51 , corresponding to +3.13% / -9.17% .

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 25.80 (4.31% above spot).

Bearish positioning points to downside pressure toward 21.02 (15.01% below spot).

Options flow strength: 0.68 (0–1 scale). ATM Strike: 25.00, Call: 1.27, Put: 1.48, Straddle Cost: 2.75.

Market signals are mixed and less reliable. The short-term gamma flip is near 21.07 , with intermediate positioning around 17.83 .