NDAQ Options Chain — Open Interest, Implied Volatility, Max Pain & Gamma Exposure
Analyze the complete NDAQ 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 NDAQ.
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
Looking only at the put-side activity, there is a bearish directional push. This suggests some traders are actively betting on downside. Confidence: 71%
Current DPI is -0.784(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)
The market is positioned near a structural transition zone, where options exposure may shift the prevailing trading regime. Volatility conditions are moderately choppy. Price action is strongly influenced by existing options constraints. Once a directional move forms, continuation appears relatively easy. Structural sensitivity is elevated around the 2026-02-20 options expiry. 90% confidence
Short-Term Options-Implied Price Range & Flow Structure (DTE: 14)
Based on the latest options positioning (DTE 14), the ATM straddle implies a standardized 1.22% 1-day move.
The expected range for the next 14 days is 81.86 — 90.56 , corresponding to +6.76% / -3.51% .
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 94.58 (11.50% above spot).
Bearish positioning points to downside pressure toward 79.98 (5.72% below spot).
Options flow strength: 0.68 (0–1 scale). ATM Strike: 85.00, Call: 1.97, Put: 1.90, Straddle Cost: 3.88.
Price moves may extend once a direction forms. The short-term gamma flip is near 104.24 , with intermediate positioning around 98.45 . The mid-term gamma flip remains near 98.45.