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

Analyze the complete NWSA 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 NWSA.

Latest Data: 2026-02-06 (EDT)

Max Pain Price

Exp: 2026-02-20

Gamma Flip

24.17

Gamma Flip (≈60 days)

Put/Call OI Ratio

1.269

Shows put vs call positioning

IV Skew

-3.56

Put–call IV difference

Max Pain Price Volatility

σ = 5.00

low volatility

Confidence 40%

Near-Term Options-Derived Market Structure

NEUTRAL OUTLOOK

Reflecting options positioning and volatility conditions over the coming sessions.

Neutral positioning with only partial factor alignment, indicating a balanced but less predictable environment. 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: 100%

Current DPI is 0.289(strong-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. 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

The support levels for NWSA are at 22.30, 21.99, and 21.06, while the resistance levels are at 22.70, 23.01, and 23.94. The pivot point, a key reference price for traders, is at 25.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 14)

Based on the latest options positioning (DTE 14), the ATM straddle implies a standardized 1.34% 1-day move.

The expected range for the next 14 days is 22.26 — 24.46 , corresponding to +8.70% / -1.07% .

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 26.42 (17.41% above spot).

Bearish positioning points to downside pressure toward 22.20 (1.34% below spot).

Options flow strength: 0.31 (0–1 scale). ATM Strike: 22.50, Call: 0.47, Put: 0.65, Straddle Cost: 1.12.

Market signals are mixed and less reliable. The short-term gamma flip is near 24.17 , with intermediate positioning around 24.17 .