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: 2026-03-25 (EDT)

Max Pain Price

110

Exp: 2026-04-17

Gamma Flip

155.87

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.805

Shows put vs call positioning

IV Skew

-7.35

Put–call IV difference

Max Pain Price Volatility

σ = 5.00

low volatility

Confidence 53%

Near-Term Options-Derived Market Structure

BULLISH BIAS

Reflecting options positioning and volatility conditions over the coming sessions.

The options data shows a moderate bullish tilt. There is some directional support, though momentum remains limited. 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 0.023(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 are moderately choppy. Options constraints exert a moderate influence on price behavior. Directional moves may struggle to sustain follow-through. Structural sensitivity is elevated around the 2026-06-18 options expiry. 100% confidence

The support levels for INCY are at 91.44, 90.25, and 86.74, while the resistance levels are at 93.02, 94.21, and 97.72. The pivot point, a key reference price for traders, is at 110.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 23)

Based on the latest options positioning (DTE 23), the ATM straddle implies a standardized 1.51% 1-day move.

The expected range for the next 23 days is 90.38 — 95.25 , corresponding to +3.28% / -2.01% .

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 97.07 (5.25% above spot).

Bearish positioning points to downside pressure toward 89.50 (2.96% below spot).

Options flow strength: 0.64 (0–1 scale). ATM Strike: 90.00, Call: 4.65, Put: 2.05, Straddle Cost: 6.70.

Price moves are likely to stay range-bound. The short-term gamma flip is near 60.17 , with intermediate positioning around 155.87 . The mid-term gamma flip remains near 88.13.