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

Analyze the complete HON 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 HON.

Latest Data: 2026-10-01 (EDT)

Max Pain Price

215

Exp: 2026-10-02

Gamma Flip

209.17

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.492

Shows put vs call positioning

IV Skew

-5.95

Put–call IV difference

Max Pain Price Volatility

σ = 13.54

high 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 0.078(bullish). Bullish, momentum neutral or unclear.

Options Terrain Outlook (3-Month)

Options structure allows for directional movement, but with elevated volatility and less predictable follow-through. Volatility conditions are moderately choppy. Options constraints exert a moderate influence on price behavior. Directional moves may struggle to sustain follow-through. Structural sensitivity is elevated around the 2026-10-16 options expiry. 100% confidence

The support levels for HON are at 212.64, 210.91, and 207.23, while the resistance levels are at 214.96, 216.69, and 220.37. The pivot point, a key reference price for traders, is at 215.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 1)

Expiry 2026-10-02 (DTE 1): Pinning structure with suppressed volatility. Option flow bias is bearish (-0.30), pin strength 0.70.

Based on the latest options positioning (DTE 1), the ATM straddle implies a standardized 1.31% 1-day move.

The expected range for the next 1 days is 208.50 — 216.44 , corresponding to +1.24% / -2.48% .

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 217.36 (1.67% above spot).

Bearish positioning points to downside pressure toward 205.20 (4.02% below spot).

Options flow strength: 0.53 (0–1 scale). ATM Strike: 215.00, Call: 1.05, Put: 1.75, Straddle Cost: 2.80.

Price moves are likely to stay range-bound. The short-term gamma flip is near 209.03 , with intermediate positioning around 209.17 . The mid-term gamma flip remains near 208.66.