NTAP Options Chain — Open Interest, Implied Volatility, Max Pain & Gamma Exposure
Analyze the complete NTAP 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 NTAP.
Near-Term Options-Derived Market Structure
BEARISH BIAS
Reflecting options positioning and volatility conditions over the coming sessions.
The options structure reflects a moderate bearish bias. Downside factors are present but not dominant. 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: 83%
Current DPI is 0.749(bearish). Bearish, 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. Price action is strongly influenced by existing options constraints. Once a directional move forms, continuation appears relatively easy. Structural sensitivity is elevated around the 2026-10-16 options expiry. 90% confidence
Short-Term Options-Implied Price Range & Flow Structure (DTE: 1)
Expiry 2026-10-16 (DTE 1): Pinning structure with suppressed volatility. Option flow bias is neutral (0.20), pin strength 0.70.
Based on the latest options positioning (DTE 1), the ATM straddle implies a standardized 3.24% 1-day move.
The expected range for the next 1 days is 205.99 — 230.00 , corresponding to +7.13% / -4.06% .
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 238.85 (11.25% above spot).
Bearish positioning points to downside pressure toward 202.19 (5.83% below spot).
Options flow strength: 0.69 (0–1 scale). ATM Strike: 210.00, Call: 6.10, Put: 0.85, Straddle Cost: 6.95.
Short-term moves may occur, but follow-through is uncertain. The short-term gamma flip is near 307.02 , with intermediate positioning around 201.43 . The mid-term gamma flip remains near 201.24.