ISRG Options Chain — Open Interest, Implied Volatility, Max Pain & Gamma Exposure
Analyze the complete ISRG 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 ISRG.
Near-Term Options-Derived Market Structure
NEUTRAL OUTLOOK
Reflecting options positioning and volatility conditions over the coming sessions.
The options structure reflects a high-confidence neutral environment. Dealer positioning and volatility suppression suggest a stable range-bound setup rather than a directional move. 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: 50%
Current DPI is -0.341(neutral). Neutral consolidation, trend and momentum are indistinct. From the current DPI structure, dealers appear largely neutral, suggesting limited willingness to reinforce directional price moves..
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 continuation remains uncertain and selective. Structural sensitivity is elevated around the 2026-04-17 options expiry. 100% confidence
Short-Term Options-Implied Price Range & Flow Structure (DTE: 2)
Based on the latest options positioning (DTE 2), the ATM straddle implies a standardized 1.31% 1-day move.
The expected range for the next 2 days is 453.86 — 485.55 , corresponding to +3.31% / -3.43% .
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 495.20 (5.37% above spot).
Bearish positioning points to downside pressure toward 443.77 (5.58% below spot).
Options flow strength: 0.66 (0–1 scale). ATM Strike: 470.00, Call: 3.80, Put: 4.88, Straddle Cost: 8.68.
Price moves may extend once a direction forms. The short-term gamma flip is near 486.96 , with intermediate positioning around 490.15 . The mid-term gamma flip remains near 491.55.