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

Analyze the complete NVO 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 NVO.

Latest Data: 2026-10-01 (EDT)

Max Pain Price

39.5

Exp: 2026-10-02

Gamma Flip

42.86

Gamma Flip (≈60 days)

Put/Call OI Ratio

1.574

Shows put vs call positioning

IV Skew

-4.98

Put–call IV difference

Max Pain Price Volatility

σ = 7.53

medium volatility

Confidence 92%

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: 71%

Current DPI is -0.625(neutral). ⏳ Neutral distribution, DPI neutral, but makers are actively shedding positions. Trend approaching turning point (Momentum Deceleration) with Low Saturation Gamma saturation

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 elevated, implying wider and less stable price swings. 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

The support levels for NVO are at 37.17, 36.82, and 35.81, while the resistance levels are at 37.63, 37.98, and 38.99. The pivot point, a key reference price for traders, is at 39.50.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 1)

Expiry 2026-10-02 (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 1.42% 1-day move.

The expected range for the next 1 days is 36.99 — 39.18 , corresponding to +4.75% / -1.11% .

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 40.46 (8.17% above spot).

Bearish positioning points to downside pressure toward 36.89 (1.37% below spot).

Options flow strength: 0.56 (0–1 scale). ATM Strike: 37.50, Call: 0.21, Put: 0.32, Straddle Cost: 0.53.

Price moves may extend once a direction forms. The short-term gamma flip is near 40.12 , with intermediate positioning around 42.86 . The mid-term gamma flip remains near 42.87.