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

Analyze the complete NSC 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 NSC.

Latest Data: 2026-10-01 (EDT)

Max Pain Price

340

Exp: 2026-10-16

Gamma Flip

302.93

Gamma Flip (≈60 days)

Put/Call OI Ratio

1.207

Shows put vs call positioning

IV Skew

-8.01

Put–call IV difference

Max Pain Price Volatility

σ = 19.15

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

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 -0.18(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 remain relatively smooth. Options constraints exert a moderate influence on price behavior. Directional moves may struggle to sustain follow-through. Structural sensitivity is elevated around the 2027-01-15 options expiry. 100% confidence

The support levels for NSC are at 308.24, 305.81, and 300.98, while the resistance levels are at 312.28, 314.71, and 319.54. The pivot point, a key reference price for traders, is at 340.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 15)

Based on the latest options positioning (DTE 15), the ATM straddle implies a standardized 0.94% 1-day move.

The expected range for the next 15 days is 305.27 — 322.28 , corresponding to +3.87% / -1.61% .

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 331.29 (6.78% above spot).

Bearish positioning points to downside pressure toward 302.38 (2.54% below spot).

Options flow strength: 0.56 (0–1 scale). ATM Strike: 310.00, Call: 5.85, Put: 5.45, Straddle Cost: 11.30.

Price moves are likely to stay range-bound. The short-term gamma flip is near 309.91 , with intermediate positioning around 302.93 . The mid-term gamma flip remains near 300.22.