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

Analyze the complete HUM 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 HUM.

Latest Data: 2026-03-25 (EDT)

Max Pain Price

160

Exp: 2026-03-27

Gamma Flip

171.50

Gamma Flip (≈60 days)

Put/Call OI Ratio

1.476

Shows put vs call positioning

IV Skew

2.56

Put–call IV difference

Max Pain Price Volatility

σ = 44.17

high 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

Looking only at the put-side activity, there is a bearish directional push. This suggests some traders are actively betting on downside. Confidence: 67%

Current DPI is -0.372(bullish). Bullish, 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 remain relatively smooth. Price action is strongly influenced by existing options constraints. Directional moves may struggle to sustain follow-through. Structural sensitivity is elevated around the 2026-03-27 options expiry. 90% confidence

The support levels for HUM are at 171.06, 167.35, and 149.65, while the resistance levels are at 177.42, 181.13, and 198.83. The pivot point, a key reference price for traders, is at 160.00.

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

Based on the latest options positioning (DTE 2), the ATM straddle implies a standardized 2.53% 1-day move.

The expected range for the next 2 days is 167.66 — 178.38 , corresponding to +2.38% / -3.78% .

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 179.74 (3.15% above spot).

Bearish positioning points to downside pressure toward 164.43 (5.63% below spot).

Options flow strength: 0.69 (0–1 scale). ATM Strike: 175.00, Call: 2.33, Put: 3.90, Straddle Cost: 6.23.

Price moves are likely to stay range-bound. The short-term gamma flip is near 171.27 , with intermediate positioning around 171.50 . The mid-term gamma flip remains near 171.71.