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: 2026-03-25 (EDT)

Max Pain Price

235

Exp: 2026-03-27

Gamma Flip

224.75

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.758

Shows put vs call positioning

IV Skew

-2.46

Put–call IV difference

Max Pain Price Volatility

σ = 23.00

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 0.277(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 2026-04-17 options expiry. 100% confidence

The support levels for HSY are at 215.13, 212.88, and 206.87, while the resistance levels are at 218.87, 221.12, and 227.13. The pivot point, a key reference price for traders, is at 235.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 2)

Based on the latest options positioning (DTE 2), the ATM straddle implies a standardized 1.41% 1-day move.

The expected range for the next 2 days is 211.63 — 225.06 , corresponding to +3.71% / -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 230.65 (6.29% above spot).

Bearish positioning points to downside pressure toward 208.42 (3.95% below spot).

Options flow strength: 0.54 (0–1 scale). ATM Strike: 217.50, Call: 1.92, Put: 2.40, Straddle Cost: 4.32.

Price moves may extend once a direction forms. The short-term gamma flip is near 230.15 , with intermediate positioning around 224.75 . The mid-term gamma flip remains near 224.50.