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

Analyze the complete IBRX 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 IBRX.

Latest Data: 2026-08-28 (EDT)
Max Pain Price
8.5
Exp: 2026-08-28
Gamma Flip
7.50
Gamma Flip (≈60 days)
Put/Call OI Ratio
0.373
Shows put vs call positioning
IV Skew
-9.06
Put–call IV difference
Max Pain Price Volatility
σ = 5.00
low volatility
Confidence 52%

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: 83%

Current DPI is 0.801(bearish). Bearish, 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 are elevated, implying wider and less stable price swings. Options constraints exert a moderate influence on price behavior. Once a directional move forms, continuation appears relatively easy. Structural sensitivity is elevated around the 2027-01-15 options expiry. 100% confidence

The support levels for IBRX are at 7.97, 7.85, and 7.19, while the resistance levels are at 8.13, 8.25, and 8.91. The pivot point, a key reference price for traders, is at 8.50.

Short-Term Options-Implied Price Range & Flow Structure (0DTE · Intraday Reference)

Expiry 2026-08-28 (DTE 0): Pinning structure with suppressed volatility. Option flow bias is neutral (-0.10), pin strength 0.70.


Based on same-day expiring options (0DTE), the ATM straddle implies an 1.80% standardized 1-day equivalent move, serving as an intraday volatility reference.


The implied intraday range is approximately 7.70 8.52 , corresponding to +5.88% / -4.30% .

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 8.89 (10.42% above spot).

Bearish positioning points to downside pressure toward 7.46 (7.35% below spot).


Options flow strength: 0.48 (0–1 scale). ATM Strike: 8.00, Call: 0.08, Put: 0.07, Straddle Cost: 0.15.


Short-term moves may occur, but follow-through is uncertain. The short-term gamma flip is near 13.06 , with intermediate positioning around 7.50 . The mid-term gamma flip remains near 7.39.