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

Analyze the complete MDY 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 MDY.

Latest Data: 2026-03-25 (EDT)

Max Pain Price

605

Exp: 2026-04-17

Gamma Flip

632.65

Gamma Flip (≈60 days)

Put/Call OI Ratio

1.667

Shows put vs call positioning

IV Skew

0.66

Put–call IV difference

Max Pain Price Volatility

σ = 43.30

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 0.036(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 are elevated, implying wider and less stable price swings. Options constraints exert a moderate influence on price behavior. Directional continuation remains uncertain and selective. Structural sensitivity is elevated around the 2026-06-18 options expiry. 100% confidence

The support levels for MDY are at 611.04, 597.08, and 562.46, while the resistance levels are at 634.96, 648.92, and 683.54. The pivot point, a key reference price for traders, is at 605.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 23)

Based on the latest options positioning (DTE 23), the ATM straddle implies a standardized 1.03% 1-day move.

The expected range for the next 23 days is 609.26 — 634.24 , corresponding to +1.80% / -2.21% .

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 639.74 (2.69% above spot).

Bearish positioning points to downside pressure toward 602.03 (3.37% below spot).

Options flow strength: 0.80 (0–1 scale). ATM Strike: 625.00, Call: 15.40, Put: 15.50, Straddle Cost: 30.90.

Short-term moves may occur, but follow-through is uncertain. The short-term gamma flip is near 632.73 , with intermediate positioning around 632.65 . The mid-term gamma flip remains near 621.65.