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

Analyze the complete NOC 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 NOC.

Latest Data: 2026-08-17 (EDT)

Max Pain Price

545

Exp: 2026-08-21

Gamma Flip

532.90

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.972

Shows put vs call positioning

IV Skew

-0.76

Put–call IV difference

Max Pain Price Volatility

σ = 65.61

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: 62%

Current DPI is 0.484(strong-bearish). Bearish, momentum neutral or unclear.

Options Terrain Outlook (3-Month)

Options positioning suggests a structurally constrained trading environment, where price movements are more likely to stall or mean-revert rather than extend. Volatility conditions are moderately choppy. Price action is strongly influenced by existing options constraints. Directional moves may struggle to sustain follow-through. Structural sensitivity is elevated around the 2026-08-21 options expiry. 100% confidence

The support levels for NOC are at 560.22, 548.58, and 515.46, while the resistance levels are at 580.18, 591.82, and 624.94. The pivot point, a key reference price for traders, is at 545.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 4)

Based on the latest options positioning (DTE 4), the ATM straddle implies a standardized 0.97% 1-day move.

The expected range for the next 4 days is 537.71 — 599.05 , corresponding to +5.06% / -5.70% .

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 617.90 (8.37% above spot).

Bearish positioning points to downside pressure toward 516.22 (9.47% below spot).

Options flow strength: 0.75 (0–1 scale). ATM Strike: 570.00, Call: 6.70, Put: 4.35, Straddle Cost: 11.05.

Price moves are likely to stay range-bound. The short-term gamma flip is near 531.92 , with intermediate positioning around 532.90 . The mid-term gamma flip remains near 532.90.