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.

Latest Data: 2026-10-13 (EDT)

Max Pain Price

140

Exp: 2026-10-16

Gamma Flip

121.63

Gamma Flip (≈60 days)

Put/Call OI Ratio

2.825

Shows put vs call positioning

IV Skew

-4.20

Put–call IV difference

Max Pain Price Volatility

σ = 13.64

high volatility

Confidence 100%

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: 60%

Current DPI is -0.541(bearish). Bearish, 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 2026-12-18 options expiry. 100% confidence

The support levels for INCY are at 107.87, 106.74, and 103.47, while the resistance levels are at 109.37, 110.50, and 113.77. The pivot point, a key reference price for traders, is at 140.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 3)

Based on the latest options positioning (DTE 3), the ATM straddle implies a standardized 2.31% 1-day move.

The expected range for the next 3 days is 105.86 — 125.55 , corresponding to +15.59% / -2.54% .

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 138.05 (27.10% above spot).

Bearish positioning points to downside pressure toward 104.75 (3.56% below spot).

Options flow strength: 0.64 (0–1 scale). ATM Strike: 110.00, Call: 1.60, Put: 2.75, Straddle Cost: 4.35.

Market signals are mixed and less reliable. The short-term gamma flip is near 76.03 , with intermediate positioning around 121.63 . The mid-term gamma flip remains near 128.21.