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: 2026-08-17 (EDT)

Max Pain Price

860

Exp: 2026-08-21

Gamma Flip

862.82

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.573

Shows put vs call positioning

IV Skew

2.33

Put–call IV difference

Max Pain Price Volatility

σ = 49.84

high 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: 71%

Current DPI is 0.555(bearish). Bearish, momentum neutral or unclear.

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. Price action is strongly influenced by existing options constraints. Directional continuation remains uncertain and selective. Structural sensitivity is elevated around the 2026-08-21 options expiry. 100% confidence

The support levels for MCK are at 845.45, 828.56, and 766.39, while the resistance levels are at 874.39, 891.28, and 953.45. The pivot point, a key reference price for traders, is at 860.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 4)

Based on the latest options positioning (DTE 4), the ATM straddle implies a standardized 1.48% 1-day move.

The expected range for the next 4 days is 839.43 — 880.25 , corresponding to +2.36% / -2.38% .

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 889.54 (3.44% above spot).

Bearish positioning points to downside pressure toward 830.04 (3.47% below spot).

Options flow strength: 0.84 (0–1 scale). ATM Strike: 860.00, Call: 14.15, Put: 11.30, Straddle Cost: 25.45.

Price moves may extend once a direction forms. The short-term gamma flip is near 864.73 , with intermediate positioning around 862.82 . The mid-term gamma flip remains near 862.82.