IT Options Chain — Open Interest, Implied Volatility, Max Pain & Gamma Exposure
Analyze the complete IT 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 IT.
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: 80%
Current DPI is -0.201(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 elevated, implying wider and less stable price swings. Options constraints exert a moderate influence on price behavior. Directional moves may struggle to sustain follow-through. Structural sensitivity is elevated around the 2026-04-17 options expiry. 100% confidence
Short-Term Options-Implied Price Range & Flow Structure (DTE: 23)
Based on the latest options positioning (DTE 23), the ATM straddle implies a standardized 2.43% 1-day move.
The expected range for the next 23 days is 146.29 — 159.47 , corresponding to +6.15% / -2.62% .
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 164.65 (9.60% above spot).
Bearish positioning points to downside pressure toward 144.85 (3.58% below spot).
Options flow strength: 0.78 (0–1 scale). ATM Strike: 150.00, Call: 9.10, Put: 8.40, Straddle Cost: 17.50.
Price moves are likely to stay range-bound. The short-term gamma flip is near 150.06 , with intermediate positioning around 150.15 . The mid-term gamma flip remains near 148.99.