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

Analyze the complete MO 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 MO.

Latest Data: 2026-10-01 (EDT)

Max Pain Price

Exp: 2026-10-02

Gamma Flip

68.24

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.699

Shows put vs call positioning

IV Skew

-1.21

Put–call IV difference

Max Pain Price Volatility

σ = 6.88

medium volatility

Confidence 75%

Near-Term Options-Derived Market Structure

BULLISH BIAS

Reflecting options positioning and volatility conditions over the coming sessions.

The options market shows a strong bullish alignment. Multiple key factors point firmly to the upside, supported by dealer flows and positioning. Options Chian

The put-side positioning appears neutral with no notable bearish pressure.

Current DPI is -0.025(neutral). Neutral consolidation, trend and momentum are indistinct. From the current DPI structure, dealers appear largely neutral, suggesting limited willingness to reinforce directional price moves..

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. Options constraints exert a moderate influence on price behavior. Directional continuation remains uncertain and selective. Structural sensitivity is elevated around the 2026-10-16 options expiry. 100% confidence

The support levels for MO are at 66.65, 66.21, and 65.33, while the resistance levels are at 67.25, 67.69, and 68.57. The pivot point, a key reference price for traders, is at 70.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 1)

Expiry 2026-10-02 (DTE 1): Pinning structure with suppressed volatility. Option flow bias is neutral (-0.10), pin strength 0.70.

Based on the latest options positioning (DTE 1), the ATM straddle implies a standardized 1.06% 1-day move.

The expected range for the next 1 days is 64.61 — 68.34 , corresponding to +2.07% / -3.49% .

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 69.21 (3.38% above spot).

Bearish positioning points to downside pressure toward 62.88 (6.08% below spot).

Options flow strength: 0.53 (0–1 scale). ATM Strike: 67.00, Call: 0.33, Put: 0.38, Straddle Cost: 0.71.

Price moves may extend once a direction forms. The short-term gamma flip is near 68.24 , with intermediate positioning around 68.24 . The mid-term gamma flip remains near 67.23.