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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: 2026-04-09 (EDT)
Max Pain Price
8
Exp: 2026-04-10
Gamma Flip
7.20
Gamma Flip (≈60 days)
Put/Call OI Ratio
0.041
Shows put vs call positioning
IV Skew
-3.09
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: 67%

Current DPI is 0.582(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 are moderately choppy. Price action is strongly influenced by existing options constraints. Directional moves may struggle to sustain follow-through. Structural sensitivity is elevated around the 2026-04-17 options expiry. 90% confidence

The support levels for IBRX are at 7.35, 7.14, and 5.86, while the resistance levels are at 7.61, 7.82, and 9.10. The pivot point, a key reference price for traders, is at 8.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 1)

Expiry 2026-04-10 (DTE 1): Pinning structure with suppressed volatility. Option flow bias is neutral (-0.10), pin strength 0.70.


Based on the latest options positioning (DTE 1), the ATM straddle implies a standardized 6.68% 1-day move.


The expected range for the next 1 days is 7.04 7.76 , corresponding to +3.69% / -5.84% .

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 7.76 (3.70% above spot).

Bearish positioning points to downside pressure toward 6.91 (7.57% below spot).


Options flow strength: 0.64 (0–1 scale). ATM Strike: 7.50, Call: 0.25, Put: 0.25, Straddle Cost: 0.50.


Price moves are likely to stay range-bound. The short-term gamma flip is near 7.31 , with intermediate positioning around 7.20 . The mid-term gamma flip remains near 7.20.