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: 60%
Current DPI is -0.526(bullish). Bullish, 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. Options constraints exert a moderate influence on price behavior. Directional moves may struggle to sustain follow-through. Structural sensitivity is elevated around the 2026-02-20 options expiry. 100% confidence
Short-Term Options-Implied Price Range & Flow Structure (DTE: 14)
Based on the latest options positioning (DTE 14), the ATM straddle implies a standardized 2.23% 1-day move.
The expected range for the next 14 days is 120.51 — 130.84 , corresponding to +6.44% / -1.96% .
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 135.66 (10.36% above spot).
Bearish positioning points to downside pressure toward 119.81 (2.53% below spot).
Options flow strength: 0.72 (0–1 scale). ATM Strike: 125.00, Call: 4.20, Put: 6.05, Straddle Cost: 10.25.
Market signals are mixed and less reliable. The short-term gamma flip is near 76.75 , with intermediate positioning around 141.65 . The mid-term gamma flip remains near 141.73.