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

Analyze the complete LYB 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 LYB.

Latest Data: 2026-10-01 (EDT)
Max Pain Price
60
Exp: 2026-10-16
Gamma Flip
64.70
Gamma Flip (≈60 days)
Put/Call OI Ratio
2.172
Shows put vs call positioning
IV Skew
1.36
Put–call IV difference
Max Pain Price Volatility
σ = 8.69
medium volatility
Confidence 88%

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

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 -0.627(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)

The market is positioned near a structural transition zone, where options exposure may shift the prevailing trading regime. Volatility conditions remain relatively smooth. Options constraints exert a moderate influence on price behavior. Once a directional move forms, continuation appears relatively easy. Structural sensitivity is elevated around the 2026-10-16 options expiry. 100% confidence

The support levels for LYB are at 57.37, 56.76, and 54.74, while the resistance levels are at 58.19, 58.80, and 60.82. The pivot point, a key reference price for traders, is at 60.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 15)

Based on the latest options positioning (DTE 15), the ATM straddle implies a standardized 1.58% 1-day move.


The expected range for the next 15 days is 56.20 — 61.80 , corresponding to +6.96% / -2.74% .

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 64.41 (11.47% above spot).

Bearish positioning points to downside pressure toward 55.38 (4.15% below spot).


Options flow strength: 0.73 (0–1 scale). ATM Strike: 57.50, Call: 1.85, Put: 1.68, Straddle Cost: 3.53.


Price moves may extend once a direction forms. The short-term gamma flip is near 64.75 , with intermediate positioning around 64.70 . The mid-term gamma flip remains near 64.38.