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

Analyze the complete HPQ 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 HPQ.

Latest Data: 2026-02-06 (EDT)

Max Pain Price

19.5

Exp: 2026-02-06

Gamma Flip

22.72

Gamma Flip (≈60 days)

Put/Call OI Ratio

1.935

Shows put vs call positioning

IV Skew

3.33

Put–call IV difference

Max Pain Price Volatility

σ = 5.47

medium volatility

Confidence 88%

Near-Term Options-Derived Market Structure

BULLISH BIAS

Reflecting options positioning and volatility conditions over the coming sessions.

The options market shows a strong bullish alignment. Multiple key factors point firmly to the upside, supported by dealer flows and positioning. 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: 64%

Current DPI is -0.598(bullish). Bullish, momentum neutral or unclear.

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 moderately choppy. Options constraints exert a moderate influence on price behavior. Once a directional move forms, continuation appears relatively easy. Structural sensitivity is elevated around the 2026-02-20 options expiry. 100% confidence

The support levels for HPQ are at 19.50, 19.26, and 18.35, while the resistance levels are at 19.80, 20.04, and 20.95. The pivot point, a key reference price for traders, is at 19.50.

Short-Term Options-Implied Price Range & Flow Structure (0DTE · Intraday Reference)

Expiry 2026-02-06 (DTE 0): Pinning structure with suppressed volatility. Option flow bias is bullish (0.50), pin strength 0.90.

Based on same-day expiring options (0DTE), the ATM straddle implies an 1.68% standardized 1-day equivalent move, serving as an intraday volatility reference.

The implied intraday range is approximately 19.29 — 20.18 , corresponding to +2.70% / -1.85% .

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 20.47 (4.17% above spot).

Bearish positioning points to downside pressure toward 19.14 (2.61% below spot).

Options flow strength: 0.61 (0–1 scale). ATM Strike: 19.50, Call: 0.29, Put: 0.05, Straddle Cost: 0.33.

Price moves may extend once a direction forms. The short-term gamma flip is near 22.85 , with intermediate positioning around 22.72 . The mid-term gamma flip remains near 22.72.