HCA Options Chain — Open Interest, Implied Volatility, Max Pain & Gamma Exposure
Analyze the complete HCA 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 HCA.
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 -0.042(neutral). Neutral consolidation, trend and momentum are indistinct. From the current DPI structure, dealers appear largely neutral, suggesting limited willingness to reinforce directional price moves..
Options Terrain Outlook (3-Month)
The market is positioned near a structural transition zone, where options exposure may shift the prevailing trading regime. Volatility conditions are elevated, implying wider and less stable price swings. Options constraints exert a moderate influence on price behavior. Once a directional move forms, continuation appears relatively easy. Structural sensitivity is elevated around the 2026-04-17 options expiry. 100% confidence
Short-Term Options-Implied Price Range & Flow Structure (DTE: 23)
Based on the latest options positioning (DTE 23), the ATM straddle implies a standardized 1.35% 1-day move.
The expected range for the next 23 days is 474.53 — 505.50 , corresponding to +4.44% / -1.96% .
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 518.10 (7.04% above spot).
Bearish positioning points to downside pressure toward 470.25 (2.84% below spot).
Options flow strength: 0.79 (0–1 scale). ATM Strike: 485.00, Call: 15.95, Put: 15.40, Straddle Cost: 31.35.
Price moves may extend once a direction forms. The short-term gamma flip is near 523.59 , with intermediate positioning around 520.18 . The mid-term gamma flip remains near 513.15.