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: 2026-10-01 (EDT)

Max Pain Price

960

Exp: 2026-10-16

Gamma Flip

865.01

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.782

Shows put vs call positioning

IV Skew

-0.87

Put–call IV difference

Max Pain Price Volatility

σ = 61.44

high volatility

Confidence 85%

Near-Term Options-Derived Market Structure

NEUTRAL OUTLOOK

Reflecting options positioning and volatility conditions over the coming sessions.

The options structure reflects a high-confidence neutral environment. Dealer positioning and volatility suppression suggest a stable range-bound setup rather than a directional move. 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 0.49(strong-bullish). Bullish, 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 remain relatively smooth. Options constraints exert a moderate influence on price behavior. Directional moves may struggle to sustain follow-through. Structural sensitivity is elevated around the 2026-10-16 options expiry. 100% confidence

The support levels for MCK are at 882.90, 864.33, and 804.59, while the resistance levels are at 914.74, 933.31, and 993.05. The pivot point, a key reference price for traders, is at 960.00.

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

Based on the latest options positioning (DTE 15), the ATM straddle implies a standardized 1.13% 1-day move.

The expected range for the next 15 days is 865.08 — 922.44 , corresponding to +2.63% / -3.75% .

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 935.13 (4.04% above spot).

Bearish positioning points to downside pressure toward 845.42 (5.94% below spot).

Options flow strength: 0.80 (0–1 scale). ATM Strike: 900.00, Call: 20.95, Put: 18.45, Straddle Cost: 39.40.

Price moves are likely to stay range-bound. The short-term gamma flip is near 871.58 , with intermediate positioning around 865.01 . The mid-term gamma flip remains near 871.26.