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.
Near-Term Options-Derived Market Structure
BEARISH BIAS
Reflecting options positioning and volatility conditions over the coming sessions.
A slight bearish tilt is visible, though the signal is weak and insufficient for a strong directional call. 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: 100%
Current DPI is 0.616(bearish). Bearish, momentum neutral or unclear.
Options Terrain Outlook (3-Month)
The market is positioned near a structural transition zone, where options exposure may shift the prevailing trading regime. Volatility conditions are elevated, implying wider and less stable price swings. Options constraints exert a moderate influence on price behavior. Once a directional move forms, continuation appears relatively easy. Structural sensitivity is elevated around the 2026-08-21 options expiry. 100% confidence
Short-Term Options-Implied Price Range & Flow Structure (DTE: 4)
Based on the latest options positioning (DTE 4), the ATM straddle implies a standardized 1.03% 1-day move.
The expected range for the next 4 days is 22.66 — 23.82 , corresponding to +3.37% / -1.65% .
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 24.40 (5.90% above spot).
Bearish positioning points to downside pressure toward 22.44 (2.61% below spot).
Options flow strength: 0.52 (0–1 scale). ATM Strike: 23.00, Call: 0.33, Put: 0.15, Straddle Cost: 0.48.
Short-term moves may occur, but follow-through is uncertain. The short-term gamma flip is near 26.82 , with intermediate positioning around 20.69 . The mid-term gamma flip remains near 20.69.