NTES Options Chain — Open Interest, Implied Volatility, Max Pain & Gamma Exposure
Analyze the complete NTES 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 NTES.
Near-Term Options-Derived Market Structure
BULLISH BIAS
Reflecting options positioning and volatility conditions over the coming sessions.
The options market shows a strong bullish alignment. Multiple key factors point firmly to the upside, supported by dealer flows and positioning. 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: 80%
Current DPI is -0.056(bearish). Bearish, momentum neutral or unclear.
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. Price action is strongly influenced by existing options constraints. Directional continuation remains uncertain and selective. Structural sensitivity is elevated around the 2026-09-18 options expiry. 100% confidence
Short-Term Options-Implied Price Range & Flow Structure (DTE: 4)
Based on the latest options positioning (DTE 4), the ATM straddle implies a standardized 2.96% 1-day move.
The expected range for the next 4 days is 120.55 — 129.42 , corresponding to +4.04% / -3.09% .
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 131.75 (5.91% above spot).
Bearish positioning points to downside pressure toward 119.13 (4.24% below spot).
Options flow strength: 0.69 (0–1 scale). ATM Strike: 125.00, Call: 3.25, Put: 4.12, Straddle Cost: 7.38.
Short-term moves may occur, but follow-through is uncertain. The short-term gamma flip is near 126.60 , with intermediate positioning around 122.77 . The mid-term gamma flip remains near 122.77.