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: 2026-03-25 (EDT)

Max Pain Price

Exp: 2026-04-17

Gamma Flip

N/A

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.464

Shows put vs call positioning

IV Skew

-4.68

Put–call IV difference

Max Pain Price Volatility

σ = 5.46

medium 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 0.72(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 2026-04-17 options expiry. 90% confidence

The support levels for HBM are at 19.77, 19.39, and 16.97, while the resistance levels are at 20.27, 20.65, and 23.07. The pivot point, a key reference price for traders, is at 30.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 23)

Based on the latest options positioning (DTE 23), the ATM straddle implies a standardized 2.63% 1-day move.

The expected range for the next 23 days is 19.25 — 22.12 , corresponding to +10.51% / -3.83% .

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 23.48 (17.30% above spot).

Bearish positioning points to downside pressure toward 18.89 (5.64% below spot).

Options flow strength: 0.72 (0–1 scale). ATM Strike: 20.00, Call: 1.43, Put: 1.10, Straddle Cost: 2.53.

Market signals are mixed and less reliable. No short-term gamma flip is observed