INCY Options Chain — Open Interest, Implied Volatility, Max Pain & Gamma Exposure
Analyze the complete INCY 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 INCY.
Near-Term Options-Derived Market Structure
BEARISH BIAS
Reflecting options positioning and volatility conditions over the coming sessions.
A slight bearish tilt is visible, though the signal is weak and insufficient for a strong directional call. 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 0.548(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 moderately choppy. Price action is strongly influenced by existing options constraints. Once a directional move forms, continuation appears relatively easy. Structural sensitivity is elevated around the 2026-09-18 options expiry. 90% confidence
Short-Term Options-Implied Price Range & Flow Structure (DTE: 3)
Based on the latest options positioning (DTE 3), the ATM straddle implies a standardized 1.78% 1-day move.
The expected range for the next 3 days is 107.00 — 117.48 , corresponding to +2.26% / -6.86% .
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 118.68 (3.31% above spot).
Bearish positioning points to downside pressure toward 101.45 (11.69% below spot).
Options flow strength: 0.62 (0–1 scale). ATM Strike: 115.00, Call: 1.27, Put: 2.27, Straddle Cost: 3.55.
Short-term moves may occur, but follow-through is uncertain. The short-term gamma flip is near 198.78 , with intermediate positioning around 97.14 . The mid-term gamma flip remains near 108.98.