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

Analyze the complete LYG 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 LYG.

Latest Data: 2026-02-06 (EDT)

Max Pain Price

Exp: 2026-02-20

Gamma Flip

N/A

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.251

Shows put vs call positioning

IV Skew

-2.28

Put–call IV difference

Max Pain Price Volatility

σ = 0.00

low volatility

Confidence 35%

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 0.858(bullish). Bullish, momentum neutral or unclear.

Options Terrain Outlook (3-Month)

Options positioning suggests a structurally constrained trading environment, where price movements are more likely to stall or mean-revert rather than extend. Volatility conditions are moderately choppy. Price action is strongly influenced by existing options constraints. Directional moves may struggle to sustain follow-through. Structural sensitivity is elevated around the 2026-07-17 options expiry. 90% confidence

The support levels for LYG are at 5.86, 5.80, and 5.64, while the resistance levels are at 5.96, 6.02, and 6.18. The pivot point, a key reference price for traders, is at 6.00.

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

Based on the latest options positioning (DTE 14), the ATM straddle implies a standardized 1.47% 1-day move.

The expected range for the next 14 days is 4.96 — 5.99 , corresponding to +1.29% / -16.03% .

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 6.01 (1.70% above spot).

Bearish positioning points to downside pressure toward 4.00 (32.32% below spot).

Options flow strength: 0.34 (0–1 scale). ATM Strike: 6.00, Call: 0.12, Put: 0.20, Straddle Cost: 0.33.

Market signals are mixed and less reliable. No short-term gamma flip is observed . The mid-term gamma flip remains near 3.38.