HRL Options Chain — Open Interest, Implied Volatility, Max Pain & Gamma Exposure
Analyze the complete HRL 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 HRL.
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: 83%
Current DPI is 0.281(strong-bearish). Bearish, 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 2026-08-21 options expiry. 90% confidence
Short-Term Options-Implied Price Range & Flow Structure (DTE: 4)
Based on the latest options positioning (DTE 4), the ATM straddle implies a standardized 0.78% 1-day move.
The expected range for the next 4 days is 23.90 — 24.94 , corresponding to +3.83% / -0.50% .
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 25.70 (6.97% above spot).
Bearish positioning points to downside pressure toward 23.89 (0.54% below spot).
Options flow strength: 0.49 (0–1 scale). ATM Strike: 24.00, Call: 0.23, Put: 0.15, Straddle Cost: 0.38.
Market signals are mixed and less reliable. No short-term gamma flip is observed , with intermediate positioning around 24.50 . The mid-term gamma flip remains near 24.50.