KEY Options Chain — Open Interest, Implied Volatility, Max Pain & Gamma Exposure

Analyze the complete KEY 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 KEY.

Latest Data: 2026-02-06 (EDT)

Max Pain Price

Exp: 2026-02-20

Gamma Flip

20.93

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.572

Shows put vs call positioning

IV Skew

5.63

Put–call IV difference

Max Pain Price Volatility

σ = 5.00

low volatility

Confidence 50%

Near-Term Options-Derived Market Structure

BEARISH BIAS

Reflecting options positioning and volatility conditions over the coming sessions.

The options structure reflects a moderate bearish bias. Downside factors are present but not dominant. 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: 68%

Current DPI is 0.906(neutral). ⏳ Neutral accumulation, DPI neutral, but makers are actively building positions.

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 KEY are at 23.07, 22.86, and 22.43, while the resistance levels are at 23.35, 23.56, and 23.99. The pivot point, a key reference price for traders, is at 23.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 14)

Based on the latest options positioning (DTE 14), the ATM straddle implies a standardized 1.13% 1-day move.

The expected range for the next 14 days is 21.81 — 23.74 , corresponding to +2.29% / -6.02% .

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 24.09 (3.79% above spot).

Bearish positioning points to downside pressure toward 20.67 (10.93% below spot).

Options flow strength: 0.51 (0–1 scale). ATM Strike: 23.00, Call: 0.62, Put: 0.36, Straddle Cost: 0.98.

Price moves are likely to stay range-bound. The short-term gamma flip is near 20.51 , with intermediate positioning around 20.93 . The mid-term gamma flip remains near 20.93.