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

Analyze the complete MCK 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 MCK.

Latest Data: 2026-03-25 (EDT)

Max Pain Price

870

Exp: 2026-03-27

Gamma Flip

918.60

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.914

Shows put vs call positioning

IV Skew

-3.86

Put–call IV difference

Max Pain Price Volatility

σ = 52.94

high volatility

Confidence 39%

Near-Term Options-Derived Market Structure

BULLISH BIAS

Reflecting options positioning and volatility conditions over the coming sessions.

A slight bullish tilt is present, but the overall setup remains largely neutral with limited directional reliability. 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: 71%

Current DPI is -0.056(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 moderately choppy. Options constraints exert a moderate influence on price behavior. Directional continuation remains uncertain and selective. Structural sensitivity is elevated around the 2026-03-27 options expiry. 90% confidence

The support levels for MCK are at 865.25, 848.32, and 792.38, while the resistance levels are at 894.25, 911.18, and 967.12. The pivot point, a key reference price for traders, is at 870.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 2)

Based on the latest options positioning (DTE 2), the ATM straddle implies a standardized 1.41% 1-day move.

The expected range for the next 2 days is 870.87 — 910.11 , corresponding to +3.45% / -1.01% .

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 928.55 (5.55% above spot).

Bearish positioning points to downside pressure toward 869.23 (1.20% below spot).

Options flow strength: 0.67 (0–1 scale). ATM Strike: 880.00, Call: 8.55, Put: 9.05, Straddle Cost: 17.60.

Price moves may extend once a direction forms. The short-term gamma flip is near 919.15 , with intermediate positioning around 918.60 . The mid-term gamma flip remains near 916.90.