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

Analyze the complete IAG 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 IAG.

Latest Data: 2026-02-06 (EDT)

Max Pain Price

Exp: 2026-02-20

Gamma Flip

11.40

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.244

Shows put vs call positioning

IV Skew

-2.54

Put–call IV difference

Max Pain Price Volatility

σ = 5.00

low volatility

Confidence 50%

Near-Term Options-Derived Market Structure

BEARISH BIAS

Reflecting options positioning and volatility conditions over the coming sessions.

The options structure reflects a moderate bearish bias. Downside factors are present but not dominant. 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: 62%

Current DPI is 0.84(bullish). Bullish, momentum neutral or unclear.

Options Terrain Outlook (3-Month)

Options structure allows for directional movement, but with elevated volatility and less predictable follow-through. Volatility conditions remain relatively smooth. Options constraints exert a moderate influence on price behavior. Directional moves may struggle to sustain follow-through. Structural sensitivity is elevated around the 2026-02-20 options expiry. 100% confidence

The support levels for IAG are at 18.89, 18.54, and 16.33, while the resistance levels are at 19.35, 19.70, and 21.91. The pivot point, a key reference price for traders, is at 20.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 14)

Based on the latest options positioning (DTE 14), the ATM straddle implies a standardized 3.21% 1-day move.

The expected range for the next 14 days is 18.26 — 20.51 , corresponding to +7.29% / -4.49% .

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 21.30 (11.42% above spot).

Bearish positioning points to downside pressure toward 17.87 (6.55% below spot).

Options flow strength: 0.73 (0–1 scale). ATM Strike: 19.00, Call: 1.27, Put: 1.02, Straddle Cost: 2.30.

Short-term moves may occur, but follow-through is uncertain. The short-term gamma flip is near 20.52 , with intermediate positioning around 11.40 . The mid-term gamma flip remains near 11.40.