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

Analyze the complete MP 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 MP.

Latest Data: 2026-02-06 (EDT)
Max Pain Price
66
Exp: 2026-02-06
Gamma Flip
63.20
Gamma Flip (≈60 days)
Put/Call OI Ratio
1.259
Shows put vs call positioning
IV Skew
-1.10
Put–call IV difference
Max Pain Price Volatility
σ = 10.73
medium volatility
Confidence 35%

Near-Term Options-Derived Market Structure

BEARISH BIAS

Reflecting options positioning and volatility conditions over the coming sessions.

A slight bearish tilt is visible, though the signal is weak and insufficient for a strong directional call. 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 0.381(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 continuation remains uncertain and selective. Structural sensitivity is elevated around the 2026-02-20 options expiry. 100% confidence

The support levels for MP are at 60.25, 58.73, and 49.10, while the resistance levels are at 62.27, 63.79, and 73.42. The pivot point, a key reference price for traders, is at 66.00.

Short-Term Options-Implied Price Range & Flow Structure (0DTE · Intraday Reference)

Expiry 2026-02-06 (DTE 0): Pinning structure with suppressed volatility. Option flow bias is bearish (-0.30), pin strength 0.70.


Based on same-day expiring options (0DTE), the ATM straddle implies an 1.76% standardized 1-day equivalent move, serving as an intraday volatility reference.


The implied intraday range is approximately 58.65 64.77 , corresponding to +5.73% / -4.26% .

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 67.20 (9.70% above spot).

Bearish positioning points to downside pressure toward 56.97 (7.00% below spot).


Options flow strength: 0.60 (0–1 scale). ATM Strike: 61.00, Call: 0.56, Put: 0.52, Straddle Cost: 1.08.


Price moves may extend once a direction forms. The short-term gamma flip is near 63.27 , with intermediate positioning around 63.20 . The mid-term gamma flip remains near 62.92.