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.

Latest Data: 2026-03-25 (EDT)

Max Pain Price

Exp: 2026-04-17

Gamma Flip

83.16

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.469

Shows put vs call positioning

IV Skew

-4.05

Put–call IV difference

Max Pain Price Volatility

σ = 5.00

low 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

Looking only at the put-side activity, there is a bearish directional push. This suggests some traders are actively betting on downside. Confidence: 67%

Current DPI is -0.108(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 moves may struggle to sustain follow-through. Structural sensitivity is elevated around the 2026-06-18 options expiry. 100% confidence

The support levels for NDAQ are at 83.07, 82.06, and 79.35, while the resistance levels are at 84.41, 85.42, and 88.13. The pivot point, a key reference price for traders, is at 95.00.

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

Based on the latest options positioning (DTE 23), the ATM straddle implies a standardized 1.46% 1-day move.

The expected range for the next 23 days is 81.05 — 87.65 , corresponding to +4.67% / -3.21% .

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 90.20 (7.72% above spot).

Bearish positioning points to downside pressure toward 79.47 (5.10% below spot).

Options flow strength: 0.67 (0–1 scale). ATM Strike: 82.50, Call: 3.95, Put: 1.93, Straddle Cost: 5.88.

Price moves are likely to stay range-bound. The short-term gamma flip is near 83.27 , with intermediate positioning around 83.16 . The mid-term gamma flip remains near 81.61.