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

Analyze the complete HSY 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 HSY.

Latest Data: 2026-10-01 (EDT)

Max Pain Price

172.5

Exp: 2026-10-02

Gamma Flip

171.64

Gamma Flip (≈60 days)

Put/Call OI Ratio

1.245

Shows put vs call positioning

IV Skew

-1.51

Put–call IV difference

Max Pain Price Volatility

σ = 17.81

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

Looking only at the put-side activity, there is a bearish directional push. This suggests some traders are actively betting on downside. Confidence: 60%

Current DPI is -0.699(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 remain relatively smooth. Options constraints exert a moderate influence on price behavior. Once a directional move forms, continuation appears relatively easy. Structural sensitivity is elevated around the 2026-11-20 options expiry. 100% confidence

The support levels for HSY are at 158.10, 156.65, and 153.01, while the resistance levels are at 160.50, 161.95, and 165.59. The pivot point, a key reference price for traders, is at 172.50.

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 neutral (-0.20), pin strength 0.70.

Based on the latest options positioning (DTE 1), the ATM straddle implies a standardized 1.37% 1-day move.

The expected range for the next 1 days is 157.47 — 166.95 , corresponding to +4.80% / -1.15% .

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 173.04 (8.63% above spot).

Bearish positioning points to downside pressure toward 156.95 (1.47% below spot).

Options flow strength: 0.46 (0–1 scale). ATM Strike: 160.00, Call: 0.70, Put: 1.48, Straddle Cost: 2.17.

Price moves may extend once a direction forms. The short-term gamma flip is near 169.15 , with intermediate positioning around 171.64 . The mid-term gamma flip remains near 171.69.