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

Analyze the complete NEM 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 NEM.

Latest Data: 2026-03-25 (EDT)

Max Pain Price

105

Exp: 2026-03-27

Gamma Flip

114.64

Gamma Flip (≈60 days)

Put/Call OI Ratio

1.009

Shows put vs call positioning

IV Skew

-2.29

Put–call IV difference

Max Pain Price Volatility

σ = 21.07

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 0.316(bullish). Bullish, momentum neutral or unclear.

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. Options constraints exert a moderate influence on price behavior. Once a directional move forms, continuation appears relatively easy. Structural sensitivity is elevated around the 2026-04-17 options expiry. 90% confidence

The support levels for NEM are at 100.00, 98.17, and 86.68, while the resistance levels are at 103.04, 104.87, and 116.36. The pivot point, a key reference price for traders, is at 105.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 2)

Based on the latest options positioning (DTE 2), the ATM straddle implies a standardized 2.79% 1-day move.

The expected range for the next 2 days is 98.48 — 104.72 , corresponding to +3.15% / -2.99% .

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 105.98 (4.39% above spot).

Bearish positioning points to downside pressure toward 97.35 (4.11% below spot).

Options flow strength: 0.74 (0–1 scale). ATM Strike: 102.00, Call: 1.91, Put: 2.09, Straddle Cost: 4.00.

Price moves may extend once a direction forms. The short-term gamma flip is near 114.81 , with intermediate positioning around 114.64 . The mid-term gamma flip remains near 109.46.